{"id":"AGY-ST-INSURANCE-BANKING-035","kind":"context","level":"sector-regulator","jurisdiction":"Maryland; Office of the Commissioner of Financial Regulation","state":"MD","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Commissioner of Financial Regulation","authority":"Md. Code, Fin. Inst. § 2-105","instrument":"Industry Advisory of March 27, 2020","title":"Guidance Regarding Consumer Credit: Borrowers Impacted by the COVID-19 Health Emergency","dateIssued":"2020-03-27","effective":"2020-03-27","end":"Not rescinded","startDate":"2020-03-27","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["all lenders, servicers and collectors subject to the Commissioner\u0027s supervision"],"clause":"In response to the current health crisis, Governor Larry Hogan has declared a state of emergency, as well as a catastrophic health emergency, in the State of Maryland. Shopping malls, gyms, movie theaters, and entertainment venues have been ordered closed; restaurants and taverns have been ordered closed except [for carry-out and delivery].","enforcement":"Md. Code, Com. Law tit. 12; Fin. Inst. § 2-105","functions":["CL consumer lending","SV servicing and collections","CB borrowers whose employers were \u0027ordered closed\u0027"],"notes":"The banking regulator\u0027s contemporaneous recital of the Governor\u0027s closure orders and of their effect on borrowers\u0027 ability to pay.","sourceUrl":"https://www.dllr.state.md.us/finance/advisories/advisory-consumerdebtcovid.pdf","snapshot":"","fileExists":true,"fileBytes":221466,"grade":"primary","character":"context","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-035","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-035","citation":"Commissioner of Financial Regulation, Industry Advisory of March 27, 2020 (Mar. 27, 2020) (Ex. AGY-ST-INSURANCE-BANKING-035)","stateName":"Maryland","related":["AGY-ST-INSURANCE-BANKING-034"]}