For clients who may have difficulty repaying, banks will help you find the best solution to continue repaying your loans.
March 22: CMS Relaxes Quality Reporting Deadlines. Clinicians and facilities participating in CMS quality reporting programs, including the Merit-based Incentive Payment System, also known as MIPS, will have more flexibility in data submission. For the MIPS program, 2019 data submission deadlines have been moved to April 30. Famous March 22 Birthdays including Tyler Oakley, Merrick Hanna, Reese Witherspoon, Nick Robinson, Bear Payne and many more. TOTAL ESTIMATED PAYMENT NOTE TO CLOSING ATTORNEY: Please complete this form and return (1) copy with closed loan documents and give one (1) copy to Mortgagor at closing. $ $ $ $ $ $ $ You will be sent a payment coupon book reflecting a payment that may be slightly different from the above referenced estimated payment because of an escrow analysis.
Instead of a comprehensive solution, which is the deferral of loan repayments, the focus will be on the individual approach of banks to clients. The vast majority of clients who are currently ending their deferral will continue to pay without any problems.
This was stated on Thursday after the meeting of the Ministry of Finance (MF) of the Slovak Republic with the Slovak Banking Association (SBA), the head of the Ministry of Finance Eduard Heger (OĽANO) together with the State Secretary of the Ministry of Finance Marcel Klimek.
Repayment of loans
“To date, 134,132 clients have requested a deferral of payments. That gro, more than 100,000, requested a postponement in April and May last year. In December, it was just over 2,000 clients, “ calculated by Klimek. According to him, the need for this measure is thus fundamentally declining.
According to Heger, most clients took advantage of the deferral of payments in April and May last year, while a moratorium of up to 9 months is possible. January and February will be the period when clients will return to repayment. The Minister stated that most clients in Slovakia requested a 9-month deferral. “We already have information today that most of these clients who return, in the order of 95%, will have no problem getting back and paying their installments,”
stressed.
Tailor-made solution
According to Heger, the banks will help the remaining clients who could have problems with repayment to find the best possible way to continue repaying the loans. Klimek remarked that most of them had already received a tailor-made solution so that their financial situation would not suffer.
“Only about 0.7% of the total volume of all clients is negatively affected, which is not significantly defined compared to the current framework,” Klimek said, adding that clients have financial problems even in situations where the economy is growing.
“Today we have agreed, instead of sticking to blanket solutions that do not make sense in these numbers, that the SBA, through its members, will apply a very sensitive individual approach for each individual client in order to create the best possible conditions for the repayment of his loans. , “ Klimek clarified.
Law of the lex corona
Heger explained that in the spring of 2020 they decided to create a lex corona law, which, among other things, created the possibility to request a deferral of loan repayments, without a symptom that may disadvantage clients in the future. According to him, this law is linked to an emergency situation. As the emergency situation still persists and the lex corona continues to apply, clients who have not yet requested may, until 31 March, request a one-off deferral of payments for a maximum of 9 months, which will be asymptomatic.
According to Heger, the Ministry of Finance records individual cases of clients when the deferral of installments turned into a negative entry in the register. The Minister expects the banks to comply with the agreements and rules, which should be remedied. He also pointed out that there is the National Bank of Slovakia (NBS), which oversees and solves similar matters on an individual basis. “If you have such an experience, complain. That needs to be addressed, there are tools for it today, “
addressed Heger to the clients concerned.
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Source: TASR
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