COVID-19 (Coronavirus) Resources

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Local, State and Federal Information

• Georgia Department of Public Health Coronavirus Website
• CDC Coronavirus Website
• CDC Guidance on Suspected or Confirmed COVID-19 Positive Worker
• World Health Organization Coronavirus Website
• IRS: Economic Impact Payment Information Center FAQs
• IRS: Check on the status of your Economic Impact Payment
• Gov. Kemp's Extension of certain closures through May 31, 2020 (May 12, 2020; #05.12.20.02)
• Gov. Kemp's Renewal of Public Health State of Emergency (April 30, 2020; #04.30.20.01)
• Gov. Kemp's Initial Re-opening Executive Order (April 20, 2020; #04.20.20.01)
• Gov. Kemp's Statewide Shelter-in-Place Order Extension (April 8, 2020, #04.08.20.02)
• Gov. Kemp's Statewide Shelter-in-Place Order (April 2, 2020, #04.02.20.01)
  • Bank ATMs, ATM PIN Pads NOT Subject to Gov. Kemp’s Suspension of PIN Pad Use in Shelter-In-Place Order
• GA Executive Order: E-notary and Virtual Real Estate Closings
  • GA Supreme Court Order Allowing Virtual Real Estate Closings

  • GBA & Real Estate Trades Letter Requesting E-Notary and Virtual Real Estate Closings

CARES Act and other COVID-19 Legislation

• CARES ACT - Full text
• What You Need to Know About the Families First Coronavirus Response Act by Mauldin & Jenkins (March 21, 2020)

Emergency Lending Programs

• SBA Coronavirus Loan Guidance and Resources (official SBA site)
• Georgia SBA District Office website

Paycheck Protection Program (PPP)

Program Overview

• SBA Call Center for Technical Support: 833.572.0502
• U.S. Treasury Info Site - Access to forms and FAQs
• Top Line Program Overview - Treasury Document
• Presentation -- SBA/Treasury Session with Regulators about PPP Details  (April 23, 2020)
• Extensive FAQ about the PPP from ABA
• Federal Reserve PPPLF Details, Documents and FAQs
• GBA Press Release: $14.1 Billion Approved for Georgia Small Businesses
• Summary of PPP Round 2 Data Through May 5, 2020
• PPP Phase 2 Report Through May 1, 2020
• Statement - SBA to Review PPP Loans of $2 Million or More Before Approving Forgiveness (April 28, 2020)
• SBA Procedural Notice: Implementation of Section 1112 of the CARES Act, Subsidy for Certain Loan Payments, for the 7(a) and 504 Loan Programs (Effective April 16, 2020)
• GBA Press Release: Georgia’s Banks Customizing Solutions to Help Small Businesses (April 15, 2020)
• Paycheck Protection Program Final Phase 1 Report (Statistics on PPP Loan Approvals through end of first phase, with Georgia summary)
• GBA Statement on Updated Guidance: Press Release (April 2, 2020)
• Initial Reaction/Interpretation of SBA's Updated Guidance (Fenimore, Kay, Harrison Ford, April 2, 2020)
• FDIC: New SBA and Treasury Programs Available for Small Business Relief (April 2, 2020)
• SBA Affiliation Overview (March 27, 2020)

For Borrowers

• Information Sheet for Borrowers - Treasury Document
• Borrower Application Form - Treasury/SBA Document (SBA Form #2483)
• How to Calculate PPP Loan Amounts
• Participating Lenders by State

For Lenders

• Form 1502 Guidance (May 21, 2020)
• 1502 Dashboard User Guide (Colson)
• New SBA Lender Gateway: connect.sba.gov
• Information Sheet for Lenders - Treasury Document
• Lender Application Form - Lenders who need assistance accessing SBA's E-Tran system to process loan guarantee requests may call our Lender Customer Service Line at 1-833-572-0502. (SBA Form #2484)
• Lender Agreement -Enroll as a participating SBA Lender to make Paycheck Protection Program financing available to your customers. (SBA Form #3506)
• SBA Standard Loan Note (Form 147)

Program Rules

• U.S. Treasury Dept. - PPP Loans Frequently Asked Questions
• Interim Final Rule: Loan Forgiveness
• Interim Final Rule: Loan Review Procedures and Related Borrower and Lender Responsibilities
• Interim Final Rule: 10-Day Loan Disbursements: (April 28, 2020)
• Interim Final Rule: Business Loan Program Temporary Changes; Paycheck Protection Program – Additional Eligibility Criteria and Requirements for Certain Pledges of Loans (April 14, 2020)
• Interim Final Rule: Business Loan Program Temporary Changes; Paycheck Protection Program (April 2, 2020)

Main Street Lending Program (Federal Reserve)

• MSLP Forms and Agreements (Federal Reserve of Boston site)
• MSLP FAQs (Federal Reserve of Boston)
• Overview of Main street Loan Facility (ABA April 2020)

Economic Injury Disaster Loans (SBA) and Other Information

• SBA: Capital Access Financial Systems (CAFS) Partner Instructions - Flow Chart for Assistance
• Economic Injury Disaster Loan Assistance: COVID-19 Economic Injury Disaster Loan Application
• Guide for Small Businesses to SBA Coronavirus Emergency Loans (U.S. Chamber)
• U.S. Small Business Administration SBA Economic Injury Disaster Loans
• Carranza Implements Automatic Deferment on Existing SBA Disaster Loans Through End of 2020 (March 23, 2020)

Industry Resources

• ABA Coronavirus Website
• America’s Banks Are Here to Help: The Industry Responds to the Coronavirus
• FHLB Coronavirus Page: Info about PPP liquidity support and collateral relief programs, and more
• Joint Statement: Georgia Financial Institutions Proactive on Coronavirus (March 20, 2020)
• Community Banking Amid COVID-19 Concerns by Fenimore, Harrison, Kay & Ford (March 11, 2020)
• NACHA Issues Reminder Regarding ACH Responsibilities to Financial Institutions Potentially Impacted by Coronavirus (March 9, 2020)
• Georgia Incident Response Playbook developed in partnership with GBA, FS-ISAC and the ABA (2019)

Infrastructure and Access

• Sample credential letter for essential workers/vendors
• Sample credential certificate for essential workers/vendors
• CISA Guidance on the Essential Critical Infrastructure Workforce 2.0 (March 28, 2020)
• FDIC: Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts (March 26, 2020)
• Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers (March 24, 2020)
• U.S. Treasury Dept. Memorandum: Financial Services Sector Identified as Critical Infrastructure Sector by DHS (March 22, 2020)
• FEMA Re-entry Process Details
• Georgia Re-entry Information
• Free print materials from CDC to support COVID-19 recommendations in your community. All materials may be printed and posted for commercial use.

Regulatory Information

Official Websites

• Georgia Department of Banking and Finance COVID-19 Resources
• Federal Reserve COVID-19 Resources
• FDIC Coronavirus Information
• Office of the Comptroller of the Currency (OCC) COVID-19 Information
• SEC Coronavirus (COVID-19) Response
• Financial Accounting Standards Board (FASB)
• Federal Financial Institutions Examination Council (FFIEC)
• U.S. Department of the Treasury

Regulatory Announcements and Resources

Joint Interagency

• Technical Corrections to the Revised Transition of the Current Expected Credit Losses Methodology for Allowances (April 22, 2020)
• Federal banking agencies to defer appraisals and evaluations for real estate transactions affected by COVID-19 (April 14, 2020)
• Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility (April 9, 2020)
• Agencies issue revised interagency statement on loan modifications by financial institutions working with customers affected by the coronavirus (April 7, 2020)
• Agencies Announce Changes to the Community Bank Leverage Ratio (April 6, 2020)
• Joint Statement on the Interaction of the CECL Revised Transition Interim Final Rule with Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act (March 31,2020)
• Agencies Announce Two Actions to Support Lending to Households and Businesses (March 27, 2020)
• Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19 (March 26, 2020)
• Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus (March 25, 2020)
• Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus (March 22, 2020)
• Agencies encourage financial institutions to meet financial needs of customers and members affected by coronavirus (March 9, 2020)
• Interagency Statement on Pandemic Planning (March  6, 2020)

CFPB

• Consumer Relief Guide – Your Rights to Mortgage Payment Forbearance and Foreclosure Protection Under the Federal CARES Act (May  15, 2020)
• ECOA and Reg B FAQs related to the COVID-19 Emergency (as of May 6, 2020)
• CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly (April 29, 2020)
• CFPB Provides Flexibility During COVID-19 Pandemic (March 26, 2020)

FASB

• FASB Statement on Prudential Regulator Guidance Concerning Troubled Debt Restructurings (March 22, 2020)

FDIC

• Proposed Rulemaking to Mitigate the Deposit Insurance Assessment Effects of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility (May 12, 2020)
• Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to COVID-19 and the CARES Act (April 10, 2020)
• FDIC Extends Comment Period Related to the Proposed Revisions to the Brokered Deposits Rules (April 3, 2020)
• New SBA and Treasury Programs Available for Small Business Relief (April 2, 2020)
• FAQ for Financial Institutions (updated March 27, 2020)
• FAQ for Bank Customers (updated March 20, 2020)
• FDIC - FIL RE: Working with Customers affected by COVID-19 (March 13, 2020)

Federal Reserve

• Federal Reserve Board announces an expansion of the scope and duration of the Municipal Liquidity Facility (April 27, 2020)
• Federal Reserve Board announces interim final rule to delete the six-per-month limit on convenient transfers from the "savings deposit" definition in Regulation D (April 24, 2020)
• Federal Reserve announces it is working to expand access to its Paycheck Protection Program Liquidity Facility (PPPLF) for additional SBA-qualified lenders as soon as possible (April 23, 2020)
• Federal Reserve Board announces temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks (April 23, 2020)
• Federal Reserve announces its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institutions (April 16, 2020)
• Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy (April 9, 2020)
• Federal Reserve will establish facility to facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP) by providing term financing backed by PPP loans (April 6, 2020)
• Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus (March 26, 2020)
• Federal Reserve announces extensive new measures to support the economy (March 23, 2020)
• Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses (March 23, 2020)

FFIEC

• Financial Regulators Highlight Coordination and Collaboration of Efforts to Address COVID-19 (March 25, 2020)
• FFIEC IT Examination Handbook - Business Continuity Planning Booklet, Appendix D: Pandemic Planning
• FFIEC IT Examination Handbook - Business Continuity Management Booklet (2019)

FHFA

• FHFA Extends Foreclosure and Eviction Moratorium (May 14, 2020)
• FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages (March 18, 2020)

FINRA

• FINRA Regulatory Notice 20-08: Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief (March 9, 2020)

OCC

• Credit Administration: Documentation of SBA Paycheck Protection Program Loans
• Pandemic Planning: Working with Customers Affected Working with Customers affected by COVID-19 (March 13, 2020)
• Responding to a Declaration of a Legal Holiday or a Natural Disaster: Supervisory Guidance on Natural Disasters and Other Emergency Conditions (Sept. 2012)

OSHA

• Guidance on Preparing Workplaces for COVID-19
• Protecting workers from potential exposure to 2019-nCoV
• Guidance on Preparing Workplaces for an Influenza Pandemic

USDA

• USDA Leadership from Farm Production And Conservation and Rural Development Update Stakeholders On Accessing SBA Relief Programs (April 24, 2020)

 

Consumer Alerts and Resources

• CFPB Resources for Consumers during COVID-19 Pandemic
• FTC Coronavirus Scams Page
• Beware of criminals pretending to be WHO
• Coronavirus: Scammers follow the headlines
• Cybercriminals using coronavirus-themed emails to deliver malware
• Investor Alert: Look Out for Coronavirus-Related Investment Scams
• Coronavirus Phishing Emails in the US, UK Claim to Offer Advice on Protective Safety Measures