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  The PPP loan will be entitled to priority as an administrative expense, and a plan of reorganization will be confirmable if it proposes that the debtor make payments on the PPP loan when due. [read post]
  The PPP loan will be entitled to priority as an administrative expense, and a plan of reorganization will be confirmable if it proposes that the debtor make payments on the PPP loan when due. [read post]
On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. [read post]
6 Nov 2020, 7:08 am by Shannon O'Hare
A transfer of a loan originated by a regulated entity and secured by a mortgage of residential property may require written borrower consent (normally this is provided for in the lender’s standard loan documentation). [read post]
3 Nov 2020, 9:03 pm by Mehrsa Baradaran
This dismal track record makes it obvious why policymakers are rethinking the institution’s priorities. [read post]
2 Nov 2020, 7:40 pm by Supreme People's Court Monitor
  Other regulatory ministries will do so for specific issues, such as land and property mortgages. [read post]
20 Aug 2020, 8:00 am by Len Feltoon
The Countrywide financial wellness plan member, by the way, gets priority treatment. [read post]
  In the case of Main Street Priority Loans and Expanded Loans, the Main Street Loan must be on a senior or pari passu basis in terms of collateral and payment priority with the borrower’s other debt (except for “mortgage debt”, which is generally defined as  (i) debt secured by real property or (ii) limited recourse equipment financings, including capital or finance leases). [read post]
3 Jul 2020, 6:43 am by Florence Campbell Jones
   Moratorium for mortgages and loans In addition to a moratorium on first-home mortgages, there is a moratorium applicable to credit granted to small and medium-sized enterprises (“SME“) until December 2020. [read post]
8 Jun 2020, 12:36 pm by Robert M. Travisano
Criticism of these additional criteria has emerged because of concerns that it gives unfair priority to the banks’ customer over non-customers and thereby, among other things, disproportionally makes loans less available to otherwise qualified minority and women owned businesses. [read post]
2 Jun 2020, 5:12 am by Barbara S. Mishkin
  Our guests will discuss their consumer financial services priorities and focus areas arising from the COVID-19 crisis and beyond with leaders of Ballard Spahr’s Consumer Financial Services Group. [read post]
29 May 2020, 6:10 am by Shannon O'Hare
SECURITY AND TRUSTS / AGENCY Under German law “assignment” (Abtretung), accessory securities such as mortgages, pledges and accessory guarantees (Bürgschaft) are automatically transferred to the new lender. [read post]
18 May 2020, 7:52 am by Shane McCall
Basically, the CARES Act said the proceeds could be used for payroll, mortgages, rent, utilities, or interest, without any restrictions on the amount that could be used for payroll. [read post]
1 Apr 2020, 9:59 am by Christine Swanick and Wilda Wahpepah
Reauthorization of Health Professions Workforce Programs – Includes a provision that allows the Secretary to give priority, in awarding grants under this Part, “to qualified applicants that train residents in rural areas, including for Tribes or Tribal Organizations in such areas. [read post]
27 Mar 2020, 10:45 am by Rich Vetstein
We do not yet know the order in which cases will be scheduled or if those filed during this time will be given priority. [read post]