We recently sent out information to inform borrowers about potential deferment options available depending on loan type. Recently, clients have encountered lenders refusing to entertain deferment instead insisting borrowers take out an SBA Disaster Assistance Loan (“DALs”) to pay their mortgage or seek potential financing under the proposed legislation currently known as the CARES Act....
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An earlier version of this article did not mention that “time warrants” are, like all city and county debt, subject to the requirements of the Texas Constitution, Article 11, Sections 7(a) and 5(a), as applicable. Please consult your city attorney and/or bond counsel prior to the issuance of any time warrant to determine the most...
During this time of crisis, the legislature is passing significant legislation in order to aid the economy along with employers and employees. One of the major acts passed is the Families First Coronavirus Response Act. There are two provisions of the Act the Emergency Family Leave Expansion Act and the Emergency Paid Sick Leave Act...
Mar242020
3/30/20 UPDATED Steps to Obtain SBA Disaster Relief Loan Businesses are facing unprecedented hardships due to the impact of the novel coronavirus (“Covid-19”). Our office has been working closely with our clients (business owners, landlords, tenants, lenders, borrowers, etc.) to provide guidance during this time. Although every situation is unique, one issue that is consistent...
Mar232020
If you are a business owner worried about how, or if, you can make your next loan payment, you are certainly not alone. With the COVID-19 outbreak, these are tumultuous times and like you, there are countless business owners facing the challenge of how to prioritize business expenses when cash flow is drying up. For...
We are living in very uncertain times. As a result of the COVID-19 outbreak, many employees are being asked to work remotely in order to slow the spread of the virus. Due to the number of office closures Employers need to take a closer look at the Department of Labor (DOL) regulations to ensure that...
Mar132020
In a huge win for IT Consulting companies, a Federal Judge has now ruled that USCIS can no longer use its policy memos to continue denying H-1B petitions. In the last few years, the number of RFEs and denials have skyrocketed, largely due to additional requirements placed on H-1B Employers when filing petitions. Although there...
Requests for Further Evidence commonly referred to as RFEs have become commonplace in the Immigration world, particularly for employment-based petitions such as H-1Bs and L-1s. In FY 2018 the number of RFEs skyrocketed and this trend continued into FY 2019. This increase in challenges from USCIS is largely due to various policy issues by USCIS...