Washington Banks Shared Resources
2021 Resources
- https://dfi.wa.gov/news/press/climate-change-impacts
- https://www.aba.com/news-research/podcasts/aba-pandemic-update
- Economic Presentation from 7/29 call
Covid-19 Updates (7/29/21)
- https://www.doh.wa.gov/Emergencies/COVID19/DataDashboard#reports
- https://www.doh.wa.gov/Emergencies/COVID19/DataDashboard#tables
PPP Updates (3/4/21)
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- HJS Newsletter Covid Relief January 2021
- Updated PPP Info (1/19/21)
- FAQs on how to calculate and document revenue reduction and the maximum loan amount for second-draw PPP loans.
- Revised lender and borrower forms:
- First-draw borrower application.
- First-draw lender form.
- Second-draw borrower application.
- Second-draw lender form.
- Revised Form 3506 for first-time PPP lenders.
- An interim final rule for the second round of the PPP.
- Guidance on calculating the maximum loan amount for first-draw loans, incorporating changes to the program.
- A notice on resubmitting PPP forgiveness applications and covering other issues related to forgiveness.
- A notice addressing good-faith errors that result in a PPP loan exceeding the eligible max.
- A notice covering circumstances when borrowers may re-apply for or request an increase in a first-draw loan.
- A notice on remitting EIDL advances previously deducted from PPP forgiveness
- Vaccination Phases
- Summary of H.R. 133 Coronavirus Relief Provisions
- IRS Guidance concerning PPP expense deductibility as of 1/6/21
- IFR concerning second draw PPP loans
- IFR concerning amendments from the Economic Aid Act to Hard-Hit Small Businesses, Nonprofits and Venues Act
- Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns
- 2021 PPP Updates
- Ask the Regulator: Basics of New PPP Loan Program – Monday, Jan. 11, 11 am: https://www.webcaster4.com/Webcast/Page/583/39435
- Washington Small Business Development Center Webinar: SBA Round 2 COVID Relief – Jan. 8, 10 am : https://wsbdc.ecenterdirect.com/events/99271348?fbclid=IwAR1L7Y_a2Qi0r-vCx0rTsHGfnMTs5XbymP6jH-BfMEXu69PePgN4l2KHwxw
- SBA, Treasury Announce PPP Re-Opening for 2021, New Guidance
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ABA Staff Analysis of PPP Reopening. (Login required): https://www.aba.com/-/media/documents/staff-analysis/sappp2021jan11.pdf?rev=e1d5ccb07d394c698684e813843a610f
Updated First Draw Forms:
- Form 2483 – First Draw Borrower Application (Updated 1/8/21)
- Form 2484 – First Draw Lender Guaranty Application (Updated 1/8/21)
Second Draw Forms:
- Form 2483-SD – Second Draw Borrower Application (Released 1/8/21)
- Form 2484-SD – Second Draw Lender Guaranty Application (Released 1/8/21)
Guidance & Resources:
- Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance (Released 1/6/21)
- Top-Line Overview of First Draw PPP Loans (Released 1/8/21)
- Top-Line Overview of Second Draw PPP Loans (Released 1/8/21)
- Interim Final Rule #1 – PPP as Amended by Economic Aid Act (Released 1/6/21)
- Interim Final Rule #2 – PPP Second Draw Loans (Released 1/6/21)
- Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only) (Released 1/8/21)
- Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement (Released 1/8/21)
Unemployment/Fraud Resources
- Secret Service Fraud Advisory
- Cyber Fraud Contact List
- Cyber Fraud Offices
- State Unemployment Insurance ACH List (Excel)
- FinCen Advisory
- EIDL Fraud Advisory
- SBA EIDL Fraud Advisory
- SBA OIG Report
PPP Resources
- Download Form 3508S
- Download the instructions for Form 3508S
- Read the interim final rule
- SBA FAQ
- Forgiveness Application
- ABA FAQ
- FDIC on Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Liquidity Facility, and the Money Market Mutual Fund Liquidity Facility: https://www.fdic.gov/news/board/2020/2020-06-22-notational-fr.pdf
- SBA Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule: https://home.treasury.gov/system/files/136/PPP--IFR--Revisions-to-Loan-Forgiveness-Interim-Final-Rule-and-SBA-Loan-Review-Procedures-Interim-Final-Rule.pdf
- OCC IFR Assessment on Fees: https://occ.gov/news-issuances/federal-register/2020/nr-occ-2020-79a-federal-register.pdf
- June 11 Guidance: https://home.treasury.gov/system/files/136/PPP-IFR-Revisions-to-First-Interim-Final-Rule.pdf
- Forgiveness Requirements
- Forgiveness Procedures
- Navigating the PPP Loan Forgiveness Application Webinar Video and Slides: *Please note, this webinar was held Thursday, May 21, before additional guidance was released by SBA on Friday, May 22
- PPP Forgiveness Interim Final Rule
- Treasury PPP Information: Updated Treasury website about the PPP: including lender and borrower fact sheets
- IFR link addressing rules on promissory notes and other details: https://home.treasury.gov/system/files/136/Interim-Final-Rule-on-Requirements-for-Promissory-Notes-Authorizations-Affiliation-and-Eligibility.pdf
- Paycheck Protection Program Lender Processing Fee Payment and 1502 Reporting Process: Guidance from SBA for lenders on how and when to file Form 1502 for PPP processing fees
- CityU PPP Webinar
- Borrower PPP Application: Borrower’s application
- Lender PPP Application: Lender's application
- SBA Guidance on PPP loan processing fee reimbursement: https://www.sba.gov/sites/default/files/2020-06/5000-20028-508.pdf
- Download Form 3508EZ
- Download the instructions for Form 3508EZ
- Download the revised Form 3508
- Download the instructions for Form 3508
- Read the interim final rule
Main Street Lending Resources
- Ask the Fed May 5 Main Street Lending Program: Slides from the webinar with details about the Main Street Lending Program
- Main Street Lending FAQs: Updated list of frequently asked questions from the Federal Reserve about the Main Street Lending Program
- Updated Main Street Lending Program Information: the Federal Reserve announced changes to the Main Street Lending Program, including lowering the minimum loan amount. Includes links to term sheets and FAQ.
- ABA Summary Main Street Lending Program: A summary by the ABA of the Federal Reserve’s new Main Street Lending Program
- Federal Reserve Press Release: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200608a.htm
Reopening Resources
- ABA Reopening Matrix (Excel) | ABA Coronavirus Operations Guide (Companion Piece to Matrix)
- WA State L&I Mask Guidance
- Washington L&I Directive 1180: Annual Fit-Testing, Respiratory Protection and Face Coverings during COVID-19 Pandemic
- Washington L&I Coronavirus Prevention: General requirements and prevention ideas for workplaces
- WBA Return to Normal Survey Results
- NWFA Reopening Guide
- USI Reopening Guide | May 29 Webinar Invitation
- CenterState 20 point guide: https://csbcorrespondent.com/blog/our-20-point-bank-checklist-returning-work
- ABA May 6 Webinar: Return to Normal Operations: Discussion with Treasury and Homeland Security Key Officials
- Compliance Alliance Pandemic Toolkit: Updated to include reopening cheat sheet and checklist
- Back to Work Toolkit: Created by Madrona Partners, along with the Seattle Venture Community and various local chambers of commerce which includes a list of things to consider for reopening
- Washington Roundtable Planning for New Normal Resources: Includes slide presentation from Boston Consulting Group with a checklist for reopening and planning
- OR Health: https://govstatus.egov.com/OR-OHA-COVID-19#collapseOHAGuidance
- OR L&I Mask Guidance: https://sharedsystems.dhsoha.state.or.us/DHSForms/Served/le2288K.pdf
General Resources
- CFPB FAQ
- Compliance Alliance Tools
- ABA Economic Impact Payment FAQ: frequently asked questions about the payments to eligible Americans.
- CSBS Analytics Tool
- Economic Impact Payment FAQ:A list of frequently asked about the economic impact payments from the ABA
WBA Public Resources: https://wabankers.com/eprep/ General COVID-19 related health and other links
WBA Public Response: https://wabankers.com/response/ Consumer, business and community links to their bank partners
WBA/NWCUA Joint Letter: Joint letter to reminding the public the safest place for their deposits is in a federally insured financial institution
Compliance Alliance Pandemic Planning Toolkit: Includes sample notices for customers, a summary of the new Paycheck Protection Program and much more. Regularly updated new with guidance and information
WBA Cash Flyer: Fun reminder for social media and other posts reminding the public the safest place for their deposits is in a federally insured financial institution. Please feel free to add your bank’s logo and share with customers.
Joint Statement on CRA Consideration for Activities in Response to COVID-19: Regulators describe COVID-19 recovery efforts qualifying for CRA credit
April 30, 2020
SBA guidance addressing section 1112 of the CARES Act requiring the SBA to pay the principal, interest and fees for existing SBA loans for a six month period: https://content.govdelivery.com/accounts/USSBA/bulletins/28923c1
New IFR addressing season employers: https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Criterion-for-Seasonal-Employers.pdf
New IFR Discusses disbursement processes including the need for Form 1502 to get paid: https://home.treasury.gov/system/files/136/Interim-Final-Rule-on-Disbursements.pdf
FRB announces expanded scope and eligibility for the Main Street Lending Program: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200430a.htm
April 29, 2020
Toolkit for reopening the office and getting back to work: https://www.backtoworktoolkit.com/
April 27, 2020
https://home.treasury.gov/system/files/136/How-to-Calculate-Loan-Amounts.pdf - The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this guidance to assist businesses in calculating their payroll costs for purposes of determining the amount of a Paycheck Protection Program (PPP) loan businesses can apply for.
https://www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-44.html - The Office of the Comptroller of the Currency (OCC) is encouraging banks providing loans under the Small Business Administration's (SBA) Paycheck Protection Program (PPP) to prudently document their implementation and lending decisions. Additionally, banks are encouraged to identify and track the PPP loans made to small business borrowers that have annual revenues of $1 million or less and are located in low- to moderate-income areas.
https://www.fdic.gov/coronavirus/faq-fi.pdf - FDIC documenting Frequently Asked Questions for Financial Institutions Affected by the Coronavirus Disease 2019 (Referred to as COVID-19)
April 15, 2020
Washington State COVID-19 Business Signage Toolkit: Washington State has created posters and communication resources to address common concerns about coronavirus.
April 10, 2020
FRB presentation of 4/10/20 discussing the PPP liquidity facility access
April 9, 2020
Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy: Information regarding the Federal Reserve’s Main Street Lending, including term sheets, as well as PPP liquidity program
April 7, 2020
Compliance Alliance Paycheck Protection Program Webinar
April 3, 2020
Paycheck Protection Program Information
Treasury released the interim final rule for the PPP on April 2. The lender fact sheet, borrower fact sheet, borrower application, and lender electronic data form can all be found on the Treasury CARES website.
SBA E-Tran new users can use this link for information about how to create an account, update their profile and set up roles. These security protocols will allow new users to receive a user ID and password.
Banks that are not currently SBA lenders, can use this lender agreement form to become an approved PPP lender.
April 1, 2020
ABA Webinar Slides: What Banks Need to Know about CARES Act: slides from ABA webinar on March 31 about what banks should know about the new CARES Act
CARES Act Small Business Assistance: Information about the Paycheck Protection Program and CARES Act for small businesses
March 31, 2020
Interagency guidance addressing temporary relief for banks for compliance with CECL implementation
March 30, 2020
COVID-19 Small Business Loan Options: Comparison between small business loan options, the new Paycheck Protection Program and the SBA’s Economic Injury Disaster Loan
US Chamber Coronavirus Emergency Loan Small Business Guide and Checklist: Information from the U.S. Chamber of Commerce about small business loans and a checklist
Updated State Guidance on Real Estate: Updated guidance from Washington state regarding real estate and mortgage transactions
March 27, 2020
DOL Updates Remote Notary Rules: Washington DOL has updated its remote notary rules, which will remain in effect for the duration of the emergency directive issued by the Governor
Paycheck Protection Program FAQ: Frequently asked questions small businesses should know about the newly approved Paycheck Protection Program
March 26, 2020
ABA Executive Summary of the CARES Act
Federal Agencies Encourage Banks, Savings Associations and Credit Unions to Offer Responsible Small-Dollar Loans to Consumers and Small Businesses Affected by COVID-19, Press Release encourage small dollar lending
Small-Dollar Lending : Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19, Bulletin encouraging small dollar lending
Coronavirus Aid, Relief and Economic Security (CARES) Act Summary, including information on the SBA Paycheck Protection Program, Summary of new stimulus program, including new SBA programs to help small businesses
Temporary Alternative Signature Process Request for Regulatory Concurrence, Information regarding one bank’s temporary alternative processes in response to the signature process
March 25, 2020
Federal Regulators & State Banking Regulators Interagency Webinar, Friday, March 27, 11 am PT. The session is designed to clarify the interagency statement issued on March 22, which encourages financial institutions to work constructively with borrowers affected by the pandemic. Participants should submit questions in advance via email at rapid@stls.frb.org. Webinar materials will be archived for future viewing.
The U.S. Department of Labor’s Wage and Hour Division has published its first round of implementation guidance for the Families First Coronavirus Response Act (FFCRA). The guidance includes:
March 20, 2020
DFI Guidance Message from Director Clark of the Washington State DFI urging banks to assist consumer mortgages affected by COVID-19
March 19, 2020
ABA Coronavirus Toolkit, Includes sample notice to customers, talking points, frontline staff FAQ and more
WA State Employment Security COVID-19 Scenarios & Benefits, Information regarding unemployment benefits
Compliance Alliance Pandemic Toolkit, Includes Essential Critical Infrastructure Worker Credential, Help Sheet, Loan Modification Summary, Lobby Closing Notice samples
FDIC FAQ, Questions relating to working with borrowers, operational issues and more
ABA Staff Analysis/FAQ, ABA best practices ranging from branch operations to workforce health and safety
Bank Customer FAQ, Customers questions and answers compiled by the FDIC
March 18, 2020
ABA Coronavirus Operations Webinar Slides, Slides from ABA webinar by Ncontracts on managing operational risk during pandemic
March 17, 2020
Baker Boyer Announcement, Press release on closing of lobbies
Feedback from WA Banks and State Associations, Compilation of feedback gathered from early WBA member calls and information from other state banking associations
March 16, 2020
ComPsych - EAP Summary of Services
Coronavirus Help Sheet 2020, Bankers Alliance fact sheet
Coronavirus Sample Customer Notice
COVID-19 Washington State Benefits