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Federal Reserve Board Releases Term Sheets for Nonprofit Organization Loan Facilities Under Main Street Lending Program

On Friday, July 17, 2020, the Federal Reserve Board released term sheets for the nonprofit loan facilities (the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF)...more

Federal Reserve Board Announces Nonprofit Organization Loan Facilities Under Main Street Lending Program

Draft term sheets issued by the Federal Reserve Board announce a proposed expansion of the Main Street Lending Program to certain Nonprofit Organizations. On Monday, June 15, 2020, the Federal Reserve Board (the Board)...more

New Rule Allows Banks to Postpone Appraisals 120 Days for Certain Loans

On April 14, 2020, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued an interim final rule to temporarily defer the...more

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