Renter's or Homeowner's Declaration required by the CDC to prevent evictions before Dec. 31, 2020 or if extended the new date.
- Question 261
Effective Date: This rule is effective April 20, 2020.
Do the requirements for loan pledges under 13 CFR 120.434 apply to PPP loans pledged for borrowings from a Federal Reserve Bank (FRB) or advances by a Federal Home Loan Bank (FHLB)?
No. Pursuant to SBA regulations at 13 CFR 120.435(d) and (e), a pledge of 7(a) loans to a FRB or FHLB does not require SBA's prior written consent or notice to SBA. SBA, in consultation with Treasury, has determined that for purposes of loans made under the PPP, the additional requirements set forth in 120.434 shall also not apply. This would mean, for example, that SBA would not have to approve loan documents or require a multi-party agreement among SBA, the lender, and others.
Comment Date: Comments must be received on or before May 20, 2020.
To submit your comment on this topic here: SBA-2020-0020-0001
"Providing resource supported answers."
* Your IP address 126.96.36.199 will be saved with your question and used only to prevent spam.
** Please be sure to include your email address and your name if you would like your question answered.
LA, FL, TX, PR, NC are receiving billions in US taxpayer dollars to mitigate against future flood disasters. We are looking to help your county or parish find the best clearing and dredging people. Contact us about your experience.
We would like to re-subdivide 3 lots into 2 lots. Currently we hold lots 3,4 and 5 in trait labeled 6...