News & Analysis as of

Borrowers Government Shutdown

Seyfarth Shaw LLP

Amending Building Loan Contracts in New York in the Wake of COVID-19-Related Closures of Local Recorders’ and Clerks’ Offices

Seyfarth Shaw LLP on

The closure of local recorders’ and county clerks’ offices in the wake of COVID-19, and the prospect of future closures, has had a profound effect on commercial real estate transactions. This is particularly true in New York...more

Orrick - Finance 20/20

Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown

Orrick - Finance 20/20 on

On January 11, the FDIC issued a release encouraging institutions to modify terms on existing loans, including mortgages, student loans, car loans, business loans and credit cards, due to the federal government shutdown. ...more

Orrick - Finance 20/20

Joint Release on Borrowers Affected by Government Shutdown

Orrick - Finance 20/20 on

On October 9, the Fed, CFPB, FDIC, NCUA and OCC issued a release encouraging financial institutions to work with borrowers affected by the government shutdown to provide workout arrangements....more

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