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Effective April 24, 2020 the Federal Reserve Board (FRB) did away with a longstanding, and, in the opinion of some, outdated rule in Regulation D. The Interim Final Rule amended Reg. D by deleting the six convenient transfers and withdrawals restriction t
Specifically, under the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27th, 2020, borrowers with federally backed mortgage loans experiencing financial hardship due directly or indirectly to the COVID-19 emergency may
As you are well aware, the Further Consolidated Appropriations Act that included the SECURE Act was passed into law in December 2019, with many components taking effect as of January 1, 2020. Key components included the ability for qualifying individuals