House passes the bill AND Loan relief for SBA loans, student loans, personal mortgages, HPOG
Updated: Mar 29, 2020
The House of Representatives just passed the Stimulus Bill a few minutes ago in the early afternoon in Washington D.C.
We’ve already covered a great deal of it.
Here’s some more information about how your debt will get forbearance:
Most student loans will be suspended through September 30, including interest charges.
The SBA will cover interest and principal payments for six months for existing SBA-backed business loans.
HPOG funding for health professionals will continue through November 30. It is unknown if they will expand the nature of what they will fund.
Click here for more details:
Thanks to Advanced Health and Wellness for the above information.
Gov. Newsom announced that over 200 banks, including 4 of the 5 major California banks have agreed to suspend loan payments for 90 days (only B of a limited this suspension to 30 days). It is expected that other financial institutions will follow. Contact your mortgage holder for more information.