Regulatory Alerts2020-05-07 | 29652Revised Timeline for Submission of Special Report on Treatment of Deferrals or Skipped Payments
The Banking Sector regulator has issued a revised timeline for submitting a special report on the treatment of deferrals, or skipped payments. This adjustment modifies previous submission deadlines to accommodate financial institutions processing customer payment relief initiatives. Compliance with the updated schedule ensures accurate regulatory oversight of deferred loan obligations.
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