{"id":"AGY-FED-FINANCIAL-034","kind":"context","level":"federal","jurisdiction":"United States; National Credit Union Administration (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"NCUA","authority":"12 U.S.C. § 1766(a)","instrument":"Letter to Credit Unions 20-CU-07","title":"Summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act","dateIssued":"2020-04-01","effective":"April 2020","end":"n/a (informational)","startDate":"2020-04-01","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["OTHER"],"addressees":["federally insured credit unions"],"clause":"The CARES Act contains numerous provisions to help workers, families, and businesses, including [provisions on forbearance, troubled debt restructurings, the Central Liquidity Facility and the Paycheck Protection Program that affect credit unions].","enforcement":"Informational; the CARES Act provisions carry their own force","functions":["SV forbearance (CARES Act § 4022-4023)","BL PPP lending","OP liquidity (CLF)"],"notes":"The regulator\u0027s own map of the CARES Act mandates on credit union servicing and lending functions","sourceUrl":"https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/summary-coronavirus-aid-relief-and-economic-security-cares-act","snapshot":"https://web.archive.org/web/2021/https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/summary-coronavirus-aid-relief-and-economic-security-cares-act","fileExists":true,"fileBytes":450366,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-034","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-034","citation":"NCUA, Letter to Credit Unions 20-CU-07 (Apr. 1, 2020) (Ex. AGY-FED-FINANCIAL-034)","stateName":"","related":["AGY-FED-FINANCIAL-037","AGY-FED-FINANCIAL-035","AGY-FED-FINANCIAL-033","AGY-FED-FINANCIAL-038","AGY-FED-FINANCIAL-103","AGY-FED-FINANCIAL-031","AGY-FED-FINANCIAL-032","AGY-FED-FINANCIAL-036","AGY-FED-FINANCIAL-043","AGY-FED-FINANCIAL-042"]}