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Management of Distressed Credits

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$130.00 - Management of Distressed Credits - Non-Member

$0.00 - Management of Distressed Credits - Membership

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Instructor Don Rothman, Partner, Riemer & Braunstein

We will be exploring the following topics at a level geared for loan officers who have not been through an economic downturn previously:

We will discuss what a workout actually is, and the different types of defaults and/or events that can cause a loan to be considered a "workout," particularly in the age of COVID-19.
We will discuss the basic steps to handling a workout, including due diligence, identifying the lender's goal/strategy, notices, forbearance and modification agreements and enforcement of rights.
We will cover some common pitfalls for loan officers to be aware of.
We will cover some basic rules to avoid lender liability.

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