COVID-19’s Impact on Loan Modifications and Past Due Reporting

Yvonna Coyne, Manager

As you already know, the president declared a National Emergency on March 13, 2020 due to the COVID-19 pandemic.  Even after several months, this remains a unique and challenging situation that continues to cause business disruptions affecting banks, borrowers, and the economy alike. As a recap, here are some of the more major changes impacting the lending environment which are still important as we strive to move forward.

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