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By Daniel Reynolds, Attorney in the Litigation Practice Group On June 30, 2020, Governor Kate Brown signed HB 4213 into law to extend the eviction moratorium during the COVID-19 pandemic. The bill prohibits certain notices of termination and evictions during an “emergency period” currently set to end on September 30, 2020. The new law also creates …
By Shannon Martinez, Attorney in the Creditors’ Rights & Bankruptcy and Litigation Practice Groups House Bill 4204 (HB 4204) was signed into law on June 30, 2020, after a short, special session of the legislature. House Bill 4204 is known as the “Foreclosure Moratorium;” however, that name is a misnomer because it does a lot …
Navigating Return to Work Issues With counties moving to Phase 2, many closed businesses can now reopen and workplaces with remote workers can consider whether and how to bring the team back to the office. Our employment lawyers will discuss how to navigate return to work issues and provide best practices for navigating compliance with …
By Caleb Williams, Attorney in the Business & Taxation Law Practice Group On June 5, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, providing Paycheck Protection Program (PPP) borrowers with greater opportunity to have their loan partially or completely forgiven. The PPPFA modifies the Small Business Act and the CARES Act to …
By Erich Paetsch, Attorney in the Creditors’ Rights & Bankruptcy and Litigation Practice Groups In response to the COVID-19 pandemic that is drastically impacting the United States we know, many lenders significantly increased loan loss reserves.[1] Recognizing that the economic impact of public health measures has rapidly pushed the United States into a projected recession, lenders …
This article was originally published in the Oregon State Bar Debtor Creditor Newsletter in the Spring of 2020. By Erich Paetsch, Attorney in the Creditors’ Rights & Bankruptcy and Litigation Practice Groups The Coronavirus, Aid, Relief, and Economic Security Act (the “CARES Act”) became law on March 27, 2020.[1] The largest fiscal stimulus package in the history …
By Shannon Raye Martinez, Attorney in the Creditor’s Rights & Bankruptcy and Litigation Practice Groups On May 6, 2020, the Consumer Financial Protection Bureau (CFPB) published a policy statement answering three questions relating to the Paycheck Protection Program (PPP). The policy statement clarifies when a creditor is required to provide notice to the loan applicant …
By Jeffrey G. Moore, Attorney in the Estate Planning & Probate Practice Group These are curious times. The COVID-19 has adversely affected almost everyone in one way or another. Those who have been financially affected and who own an Individual Retirement Account (“IRA”), the Coronavirus Aid, Relief, and Economic Security Act or “CARES Act,” which was …
By Caleb Williams, Attorney in the Business & Taxation Law Practice Group On May 5, 2020, the Department of Treasury updated the PPP Frequently Asked Questions to announce it was extending the safe-harbor deadline for repayment of unneeded PPP loan proceeds to May 14, 2020. The original guidance provided that the safe harbor ended on …
By Litigation Practice Group On April 30, 2020, Oregon’s Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-2014 (the “Bulletin”) to provide guidance to Oregon-regulated collection agencies and debt purchasers to actively help debtors hit by the economic effects of the novel coronavirus. The Bulletin follows guidance issued at the end of March 2020 to lenders …