Updated Guidance Regarding PPP - Loan Forgiveness / Borrower & Lender Responsibilities

Updated Guidance Regarding PPP Program -

Loan Forgiveness /

Borrower & Lender Responsibilities

May 23, 2020

Greetings!

Please click on the link below for the most recent update from NECA regarding the CARES Act Paycheck Protection Program - Loan Forgiveness / Borrower & Lender Responsibilities.

Please be advised that the Treasury Department has released additional information regarding the Paycheck Protection Program (PPP):

Interim Final Rule on Loan Forgiveness (5/22/20)
Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities (5/22/20)

Additional Guidance on PPP Loans:

Lender Processing Fee Payment and 1502 Reporting Process (Effective 5/21/20)
Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting (5/20/20)
FAQ (Last Updated 5/19/20)