Below are resources for the webinar Gislason & Hunter hosted on April 28, 2020: Banking and Financial Webinar. Full Webinar Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised) Interagency Statement on Appraisals and Evaluations for Real Estate Related Financial Transactions Affected by the Coronavirus Supervisory...

Quarantined in my cramped college apartment in the city, my mind drifts back to my considerably more spacious roots. I grew up on my family’s grass-fed beef farm, nearly 300 acres of lush, permanent pasture and preserved prairie and woodland in the drumlin region of Southeastern Wisconsin. I cherish those childhood farm memories; everything from...

The Fair Credit Reporting Act (“FCRA”) is a federal law enacted in 1970 to promote the accuracy, fairness, relevancy, and privacy of consumer information in the file of credit reporting agencies. Banks and other financial institutions are an important link in the consumer credit reporting chain, and in a variety of circumstances, they are subject...

When a prospective borrower approaches a lender and requests financing for any consumer purpose or business operation, the lender must evaluate whether or not the borrower has sufficient capacity to repay the loan. Two options will often come to mind for most lenders. First, the lender may require more than one individual or entity to...

The COVID-19 pandemic has caused an unprecedented change to what “business as usual” looks like across America. The banking industry is certainly no exception, and many common questions have arisen regarding what the coming months will look like in the industry. On March 27, 2020, Gislason & Hunter held a free webinar to offer insight...

In this issue: Fair Credit Reporting Act Compliance Questions and Answers: Navigating the Legal Issues You Face from the COVID-19 Pandemic Differences Between Note Co-Makers and Guarantors Read Full Newsletter

(April 8, 2020) – Gislason & Hunter LLP continues to work remote and be fully operational after the announcement from Minnesota Governor Tim Walz where he extended the stay-at-home order until May 4. The initial stay-at-home order was scheduled to last through April 10. The order limits activity for all those not engaged in “Critical...