Team DFI is closely monitoring the emergency situation involving novel coronavirus or COVID-19, and understands the financial challenges and uncertainty individuals are facing during this difficult time. The DFI offices are open and available to assist you.
DFI SUPPLEMENTARY INTERIM GUIDANCE
The Interim Guidance – 2020-1002 COVID19- Supplemental Interim Guidance (to all industries) to work from home is extended to coincide with the county Mayor orders. Although the Governor and county Mayors deem DFI employees and its licensed companies as essential, in the interest of helping stop the spread of the virus, Team DFI is exclusively working from home until further notice.
To the extent businesses want to continue their work from home status or continue to keep branches closed, I want to extend the option to do so until the respective county Mayor’s order where the licensed companies are located is lifted. This guidance may be extended or withdrawn if conditions change.
CFPB MORTGAGE RELIEF OPTIONS
If you’re among those financially impacted by the coronavirus pandemic, you might be concerned about how to pay your mortgage or rent. Federal and state governments have announced plans to help struggling homeowners during this time. The Consumer Financial Protection Bureau (CFPB) provides information on what to do now, and what your options are for mortgage and rental relief.
CONFERENCE OF STATE BANK COMMISSIONERS
For general information about regulatory and consumer programs: https://www.csbs.org/information-covid-19-coronavirus
A range of resources and guidance regarding financial matters such as mortgage forbearance, student loans, and financial scam awareness is available at https://www.csbs.org/covid-19-consumer-resources.
Overview of mortgage loan types and national-level moratoria on foreclosures and evictions is available at https://www.csbs.org/sites/default/files/2020-04/FederalMoratoriumConsumerForeclosuresFactSheet(updated4-3-2020).pdf.
SMALL BUSINESS ADMINISTRATION
Resources and guidance available for small businesses and consumers, including information on Payment Protection Plan program and other financial assistance offered by SBA is available at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
SBA loan information in other languages: https://www.sba.gov/page/coronavirus-recovery-information-other-languages