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Ohio's Stay at Home Order & Florida's Executive Order

Client Alert
March 23, 2020

See the important details of the March 22 Ohio Stay at Home Order and the March 20 Florida Executive Order. 

For Ohio - click here to see the full order and visit Coronavirus.ohio.gov for additional information.

For Florida - click here to see the full order and visit floridahealthcovid19.gov for additional information.

If you have any questions, please contact BMD Government Affairs Member, Victoria Ferrise at vlferrise@bmdllc.com, or feel free to contact your primary BMD Attorney.

 

 

Ohio Department of HealthDirector's Stay at Home OrdercoronavirusCOVID-19
Client Alert

FDIC Provides Guidance on Loan Modifications & Workout Options for Borrowers Affected by COVID-19

March 30, 2020On March 22, 2020, the Federal Deposit Insurance Corp (FDIC) and other federal banking regulatory agencies, along with state banking regulators, the National Credit Union Administration Agency (NCUA), the regulator of credit unions, and the Consumer Financial Protection Bureau (CFPB) issued the Interagency Statement on Loan Modifications and Reporting by Financial Institutions Working with Customers Affected by the Coronavirus to encourage financial institutions to work constructively with borrowers impacted by the disease and to provide additional information regarding loan modifications. In summary, the policies give lenders or bankers substantially more latitude to work with affected borrowers by softening the regulatory and accounting impact of having delinquent or restructured credit.Client Alert

CARES Act Changes Rules Governing Retirement Plans

March 30, 2020Among the many other provisions of the CARES Act are those impacting retirement plans (including 401(k)s, profit sharing plans, and IRAs) in order to provide an influx of cash to struggling employees.Client Alert

State of Ohio & Cities Extend Tax Filing Deadline

March 30, 2020On March 27, Governor DeWine signed a bill passed by the legislature to provide tax relief to Ohio taxpayers.Client Alert

Paycheck Protection - Designed to Offer Small Business Owners Relief Over the Next Few Weeks

March 30, 2020The CARES Act is a massive piece of legislation. The emergency loan or Paycheck Protection provisions are one component designed to assist small businesses and keep them afloat during the current crisis. The emergency loans will be made under the United States Small Business Administration (SBA) and are simply an expansion of its already existing 7(a) loan program. The loan process will be administered by the SBA through its local lending partners or approved SBA lenders. Over the next several days it is expected that the actual loan process will be further detailed by the SBA so that loans can be quickly processed.Client Alert

Department of Labor Adds Q&A to FFCRA Guidance: Provider & Emergency Responder Leave Exceptions

March 30, 2020Employer Alert: Excluding healthcare providers and emergency responders from the mandatory paid leave provisions of the Families First Coronavirus Response Act (“FFCRA”), Emergency Family and Medical Leave Expansion Act (“EFMLEA”), and the Emergency Paid Sick Leave Act (“EPSLA”)
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