The Right Direction for Borrowers on a Two-Way Street The CARES Act prohibits landlords from evicting residential tenants or charging late fees for nonpayment of rent during the program’s forbearance period (120 days). Additionally, landlords may not file any action for the removal of a tenant or serve a notice terminating the tenancy before the
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Coronavirus Aid, Relief, and Economic Security (“CARES”) Act authorizes $100 billion in relief fund to eligible healthcare providers to respond to COVID-19, which is based on the provider’s Medicare Fee-for-Service reimbursements, as reflected on the provider’s cost reports. On April 10, 2020, the Department of Health and Human Services (“HHS”) distributed an initial $30 billion
No one is hurting more than small business owners right now, especially those in the restaurant industry, as the second-largest employer in the country. In response, many restaurants have turned to the Paycheck Protection Program (PPP), which just recently received an additional $310 billion in funding. The PPP allows restaurants to borrow up to 2.5