Loan application – Alba Ruthenicae http://albaruthenicae.info/ Sun, 02 Jan 2022 07:41:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://albaruthenicae.info/wp-content/uploads/2021/07/icon-2021-07-06T145847.214-150x150.png Loan application – Alba Ruthenicae http://albaruthenicae.info/ 32 32 Governor Lamont and Congressional delegation announce launch of state program to provide emergency rental and utility assistance in COVID-19 pandemic https://albaruthenicae.info/governor-lamont-and-congressional-delegation-announce-launch-of-state-program-to-provide-emergency-rental-and-utility-assistance-in-covid-19-pandemic/ Tue, 23 Mar 2021 05:30:53 +0000 https://albaruthenicae.info/governor-lamont-and-congressional-delegation-announce-launch-of-state-program-to-provide-emergency-rental-and-utility-assistance-in-covid-19-pandemic/ Press Releases 03/15/2021 Governor Lamont and Congressional delegation announce launch of state program to provide emergency rental and utility assistance in COVID-19 pandemic Housing Department also announces additional aid for undocumented migrants and partnership with Connecticut Legal Services (HARTFORD, CT) – Governor Ned Lamont, members of the Connecticut Congressional delegation and Connecticut Housing Commissioner Seila […]]]>

Press Releases

03/15/2021

Governor Lamont and Congressional delegation announce launch of state program to provide emergency rental and utility assistance in COVID-19 pandemic

Housing Department also announces additional aid for undocumented migrants and partnership with Connecticut Legal Services

(HARTFORD, CT) – Governor Ned Lamont, members of the Connecticut Congressional delegation and Connecticut Housing Commissioner Seila Mosquera-Bruno today announced the launch of UniteCT, a new state program to provide rental and utility assistance to qualified Connecticut households financially affected by COVID-19.

As further detailed in the program guidelines, UniteCT can provide up to $ 10,000 in rent assistance and up to $ 1,500 in electric utility arrears payments to homeowners and utility companies. on behalf of approved tenants. Tenants and landlords will be able to complete and track online applications from any computer or smartphone. Assistance will be available through a call center and at housing counseling agencies and other community partners across the state.

UniteCT is funded by Connecticut’s $ 235 million share of the $ 25 billion Congress allocated to emergency rental and utility assistance in the December stimulus package. Last week, Congress allocated an additional $ 21.55 billion for rental and utility assistance and $ 10 billion for homeowner assistance, as well as $ 4.5 billion for the program d home energy assistance for low-income people and $ 500 million to help low-income households that pay a high proportion of their income for drinking water and sanitation services, as part of the ‘American Rescue Plan.

UniteCT builds on the previous work of Governor Lamont and the Congressional Connecticut delegation to promote housing stability during the pandemic, including by:

  • Support tenants threatened with eviction before the pandemic ($ 5 million);
  • Relocation of people coming out of homelessness or incarceration ($ 5.8 million);
  • Provide temporary short-term rental assistance ($ 26.7 million);
  • Availability of mortgage relief for homeowners ($ 10 million);
  • Support tenants excluded from federal assistance because of their immigration status or that of their relatives ($ 3 million);
  • Give homeowners extra time to file their property taxes;
  • Work with local financial institutions to provide mortgage forbearance; and
  • One of the toughest and longest lasting deportation moratoriums in the country is issued and extended. (Princeton University’s expulsion lab gives Connecticut the third highest score in the country for this job.)

UniteCT brings together stakeholders including housing counseling agencies, nonprofit partners, municipalities, established community networks and legal service organizations. The Lamont administration provides $ 1 million in federal funding to Connecticut Legal Services to represent qualified households in housing courts and supports undocumented tenants with an additional $ 4 million in public funds, which are more flexible than federal dollars. The Connecticut Institute for Refugees & Immigrants (CIRI), along with its community partners, will continue to serve undocumented immigrants, many of whom are eager to interact directly with the government.

“UniteCT is giving Connecticut tenants and homeowners a much needed fresh start and extra assistance so our families can get back on their feet without worrying about the roof over their heads. ” Governor Lamont said. “The pandemic has exacerbated a national housing affordability crisis, especially for families of color who are more likely to rent their homes and more likely to have missed no-fault payments on their part. I applaud the Connecticut congressional delegation and the Biden-Harris administration for providing the resources necessary to keep our families safe and housed.

“The creation of UniteCT represents a significant increase in the financial assistance that will be provided to families and individuals who have been affected by COVID-19”, Commissioner Mosquera-Bruno said. “With the new programs come new changes. The Connecticut Department of Housing looks forward to continuing its work with CIRI and excited about our new partnership with Connecticut Legal Services. There is still work to be done to continue to combat the effects of the pandemic. “

“COVID-19 has further exposed the mass housing inequalities our country faces – and Connecticut is no exception,” Members of the Connecticut congressional delegation said in a joint statement. “As people try to navigate this pandemic, the last thing everyone should have to worry about is how they’re going to keep a roof over their heads or keep their lights on. The funding we passed in the COVID-19 relief bills helped launch UniteCT, which will provide resources to Connecticut tenants to support housing stability and prevent utility cuts. We will continue to work in Washington to make sure Connecticut has all the funding it needs to help those affected by this pandemic. “

“CIRI has a long and deep history of assisting refugees, immigrants and survivors of human trafficking throughout the state of Connecticut,” Susan Schnitzer, President and CEO of CIRI, said. “We understand the myriad of challenges and reservations immigrants have in identifying and accepting government support, and know that trust is essential for those who are reluctant to seek public assistance. CIRI has worked in tandem with Commissioner Mosquera-Bruno and trusted partner organizations to implement a unique program that provides access to essential rental assistance for people affected by COVID-19. We are grateful to Governor Lamont and Commissioner Mosquera-Bruno for allowing us to play a key role in this innovative and impactful endeavor. “

“COVID-19 has had a devastating impact on our customers who have already faced many challenges in meeting their basic needs”, Deborah Witkin, executive director of Connecticut Legal Services, said. “We look forward to working with our partners at Unite CT to ensure our clients can maintain stable housing during one of the most destabilizing times our community has known. This program will help our clients begin to cope with the effects of the pandemic. “

Governor Lamont is also proposing a bill – Senate Bill 882 – which would provide potential tenants with more information on the energy costs of houses.

Homeowners who are having trouble paying their mortgage or facing foreclosure proceedings should consider the Resources available through the Federal Bureau for Financial Consumer Protection. Last month, the Biden-Harris administration announcement an extended option to seek up to 18 months mortgage forbearance through programs created by Congress in the CARES Act.

To learn more and apply to UniteCT, visit the Connecticut Department of Housing website at ct.gov/doh.

Twitter: @GovNedLamont
Facebook: Office of Governor Ned Lamont



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Navigate PPP: 3 Steps To Getting New Federal Relief Coping with COVID-19 https://albaruthenicae.info/navigate-ppp-3-steps-to-getting-new-federal-relief-coping-with-covid-19/ Tue, 23 Mar 2021 05:30:53 +0000 https://albaruthenicae.info/navigate-ppp-3-steps-to-getting-new-federal-relief-coping-with-covid-19/ Over the past year, the struggle for corporate survival has been particularly difficult. This was especially true for very small businesses, and most restaurant and food service businesses fall into this category. With an average American restaurant with fewer than 50 employees, it’s no surprise that food services have been among the hardest hit by […]]]>

Over the past year, the struggle for corporate survival has been particularly difficult. This was especially true for very small businesses, and most restaurant and food service businesses fall into this category. With an average American restaurant with fewer than 50 employees, it’s no surprise that food services have been among the hardest hit by COVID-19.

Thankfully, with the signing of the latest stimulus bill, further federal relief for small businesses is on its way – but restaurateurs are likely to receive news of this funding with skepticism, and I don’t blame them.

While working at Nav, a fintech company that helps SMBs get financing, I saw how the first round of aid has failed for smaller businesses, restaurants included. In 2020, our team helped over 4,000 business owners get loans through the Paycheck Protection Program, but we also know that many have been left behind, often due to the resources to navigate. the process. Pardon applications alone take up to 15 hours to complete and more than three days to review by lenders, according to a Government Accountability Office study. Many restaurateurs just don’t have this time.

Another reason the first round of P3s failed at too many restaurants was the focus on payroll. In the first wave of P3s, you had to spend 75% on payroll expenses, then reduced to 60%. For many restaurateurs, this did not adequately meet their most pressing needs, such as rent or mortgage payments. In addition, those drastically downsizing had to choose between paying employees who couldn’t come to work or letting them collect unemployment, the latter often translating into more money for the employee.

After digging into the new bill, although similar to the first round, the second drawdown of PPP loans will bring about subtle changes that should benefit restaurants. For example, the way you can use the funds is more flexible and there are favorable tax changes. That said, the process can still be overwhelming, especially for businesses with already limited resources. With the lessons of the first wave of P3s in mind, here are three steps restaurant owners can take to streamline their quest for further federal relief.

1. Start by determining what you are eligible for.

If your business has already secured a PPP loan but needs more funds to survive the crisis, there is good news. You may be eligible for a second PPP loan. To be eligible, businesses must qualify as a small business by SBA standards, but they must also employ fewer than 300 employees and have experienced a reduction of at least 25% in their gross revenues in at least one year. quarter of 2020 compared to 2019, with terms for seasonal businesses or businesses that were not in operation throughout 2019.

Didn’t get a PPP loan the first time? You may also be lucky. Congress allocated funds for the first loans on the same terms as the original PPP loans; second drawdown of loans for those who have already obtained a first PPP loan and who are still eligible, and; “gap” loans for businesses that have repaid their first loan or have not received the full amount for which they were eligible. If you’re unsure of where to start, there are free resources available to help business owners determine how much financing and rebate they’re entitled to, like Nav’s P3 loan calculator.

In addition to the PPP, restaurants may be eligible for an economic disaster loan, including a grant of up to $ 10,000. Companies that have already applied for the EIDL can this time qualify for the $ 10,000 grant, even if their previous application was rejected. Businesses apply for EIDL on SBA.gov.

2. Approach the application process strategically – you have options!

The most important thing you can do to prepare for this round is to make sure your accounts are up to date. Your accounting information will be needed to determine if you qualify. During the last cycles of PPP and EIDL, many companies found it difficult to apply because their information was out of date.

Also, it’s a good idea to have a business bank account so you can track how you’ve spent those funds. Both programs limit the use of funds to certain types of expenses.

Then don’t feel like you have to work with your bank. You can apply with any SBA approved lender. As we saw with the first round, the way the PPP is set up means that banks often prioritize those with whom they already have loans, then larger accounts, before giving preference to smaller companies (many restaurants included). Indeed, most traditional banks have no incentive to serve smaller businesses. Consider your options beyond traditional channels; in the last cycle, for example, we found that many small businesses were well served by fintech companies. A strategic approach to selecting a lender could be the difference between getting much-needed help or continuing without it.

3. If you are not eligible for PPP or EIDL, don’t panic.

If you are eligible for PPP and EIDL, you must apply. You can even apply for both programs, and if you qualify for both, I recommend it. PPP can be completely forgiven and EIDL can offer a grant that does not have to be repaid, as well as a 30-year loan at 3.75%. But these COVID-19 relief programs are not available to everyone. They are not designed for startups, for example; you must be in business by February 15, 2020 to apply to PPP and by January 31, 2020 to apply to EIDL. If you started around the pandemic and have yet to gain popularity, you will need to consider other funding options.

Crowdfunding, for example, has been a source of relief for some small businesses during the pandemic. There are four main types of crowdfunding restaurants that restaurants can consider: reward-based, debt-based, equity-based, and donation-based. Whether you’re rewarding your backers, taking out a loan, getting investors, or accepting donations, for all of these options, the key to successful crowdfunding is connecting with a loyal fan base. To that end, building a strong email list and investing time in social media content can go a long way.

Also be aware that there are still new grants and loans to help COVID-19 at the national and local levels. Homeowners should subscribe to the mailing list of their local chamber of commerce, regional SBA office, as well as their local Small Business Development Center and SCORE chapter so that they can learn about new opportunities when they arise.

With that, I wish you good luck and hope I can have a safe dinner with you again soon.


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New Report Suggests P3 Loans Helped Oregon Businesses Stay Afloat | Local news https://albaruthenicae.info/new-report-suggests-p3-loans-helped-oregon-businesses-stay-afloat-local-news/ Tue, 23 Mar 2021 05:30:52 +0000 https://albaruthenicae.info/new-report-suggests-p3-loans-helped-oregon-businesses-stay-afloat-local-news/ SALEM, OR (KPTV) – A new report from the Oregon Bureau of Economic Analysis contains promising numbers. The report says fewer businesses have closed than they originally thought, and federal paycheck protection program loans may be what kept many people afloat. The report released on Tuesday still recognizes that business was not good in 2020. […]]]>

SALEM, OR (KPTV) – A new report from the Oregon Bureau of Economic Analysis contains promising numbers. The report says fewer businesses have closed than they originally thought, and federal paycheck protection program loans may be what kept many people afloat.

The report released on Tuesday still recognizes that business was not good in 2020. It says small business incomes have remained stable and there has been a higher percentage of business closures, especially bars and restaurants. of restaurants. According to the economic analysis office, this difference is only 5%.

The report extracted data from active commercial licenses, liquor licenses, and applications. He mentions how Oregon companies secured just over $ 7 billion in P3 loans last year. Without them, the data shows that business revenues have fallen by almost 20%.

Tavern on Kruse in Lake Oswego was fortunate to get some PPP loans. Managing member Kent Lewis told FOX 12 that this is what keeps the doors open and allows them to run their take-out operation.






KPTV file image


“If I had to do it with my own working money, I would have stayed closed, and the PPP loan allowed me to bring people in and pay them to do what I couldn’t afford to pay them. , so in that sense, he really fulfilled his role, ”said Lewis.

Not all restaurants were so fortunate, Lewis said that according to the bank the company works with, some had a harder time processing the loan application quickly enough to get one before the federal funds ran out. exhausted.

The economic report also says startup activity has increased in Oregon since the end of the shelter-in-place phase of the pandemic based on the number of business requests.

If you want to know more, the economic report can be found here.

Copyright 2021 KPTV-KPDX Broadcasting Corporation. All rights reserved.


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Elderly Skin Care Market Technology, New Innovations, Report Forecast to 2026 https://albaruthenicae.info/elderly-skin-care-market-technology-new-innovations-report-forecast-to-2026/ Tue, 23 Mar 2021 05:30:51 +0000 https://albaruthenicae.info/elderly-skin-care-market-technology-new-innovations-report-forecast-to-2026/ This in-depth presentation on the “Senior Skin Care Market”, available at MarketStudyReport.com, presents a comprehensive study conveying influential trends prevailing in the global business sphere. The report also presents important details regarding the market size, market share, and profit estimates to offer an overall prediction about this business. Additionally, this report undertakes a precise competitive […]]]>

This in-depth presentation on the “Senior Skin Care Market”, available at MarketStudyReport.com, presents a comprehensive study conveying influential trends prevailing in the global business sphere. The report also presents important details regarding the market size, market share, and profit estimates to offer an overall prediction about this business. Additionally, this report undertakes a precise competitive analysis with an emphasis on the growth strategies adopted by the market leaders.

The recent study on the Senior Skin Care Market is compiled with the aim of helping stakeholders to gain insight into all potential growth avenues during the period 2020-2027. The report exploits the latest industry validated statistics along with historical information regarding growth stimulants, opportunities, restraints, and limitations to assess the annual growth rate of the market and submarkets during the stipulated period.

Request a sample report on the Elderly Skin Care Market at: https://www.marketstudyreport.com/request-a-sample/2568150?utm_source=groundalerts.com&utm_medium=SK

Additionally, the Business Intelligence report offers comprehensive segmentation studies, including product and application types, and country-level analysis of regional contributors. Speaking of the competitive landscape, detailed profiles of the major players along with the strategies they employ to maintain a strong hold over this business vertical are included. Additionally, the research literature hosts a dedicated section that discusses the immediate and long-term effects of the Covid-19 pandemic to help you write solid contingency plans with high profit potential for years to come.

Highlights from the table of contents:

Product field

  • Product line:
    • 60 ~ 65 years
    • 66 ~ 70 years
    • 70 ~ 75 years
    • 76 ~ 80 years
    • Over 80 years
  • Figures reflecting net sales and market share for each product category.
  • Projections of the growth rate of each product segment over the forecast period.

Scope

  • Application spectrum:
    • Retail stores
    • Specialty stores
    • Online stores
  • Global market share and product demand for each type of application.
  • Estimates of the compound annual growth rate of each application category over the study period.

Regional perspective

  • Regional bifurcation: North America, Asia-Pacific, Europe, Latin America, Middle East and Africa
  • Net turnover and sales amassed by each geographic area.
  • Estimates of the annual growth rate of each region over the period of analysis.

Request Discount on Elderly Skin Care Market Report at: https://www.marketstudyreport.com/check-for-discount/2568150?utm_source=groundalerts.com&utm_medium=SK

Competitive landscape

  • Leading players:
    • Coty
    • Chanel
    • Estee Lauder
    • KAO Corporation
    • La ?? Oréal
    • LVMH
    • Shiseido
    • Clarins
    • Revlon
    • Unilever
    • P&G
    • Amway
    • Jahwa
  • Portfolio of products and services of each participant, including specifications as well as the best applications.
  • Manufacturing facilities of well-established companies in the areas served.
  • Analysis of the market concentration ratio.
  • Other important business related aspects such as market share, pricing model, sales graph, and operating profit of the listed organizations.
  • Notable developments and strategic alliances such as mergers, collaborations, expansion proposals and acquisitions.

All in all, the research report on the Elderly Skin Care Market understands the overall scope of the business by individually evaluating the various segments of the industry. Finally, the report explains the entire industry supply chain in accordance with the basics of upstream and downstream, and distributors, to help companies develop and deploy their products effectively.

For more details on this report: https://www.marketstudyreport.com/reports/global-skin-care-for-seniors-market-size-status-and-forecast-2020-2026

Associated reports:

1. Global Commercial Loan Services Market Size, Status and Forecast 2020-2027
Read more: https://www.marketstudyreport.com/reports/global-trade-loan-services-market-size-status-and-forecast-2020-2027

2. Global NFC Payments Market Size, Status and Forecast 2020-2027
Read more: https://www.marketstudyreport.com/reports/global-nfc-payments-market-size-status-and-forecast-2020-2027

Related report: https://www.marketwatch.com/press-release/global-multiscreen-advertising-market-size-growth-analysis-report-forecast-by-2027-2020-03-17

Contact us:
Sales to businesses,
LLC Market Research Report
Phone: 1-302-273-0910
Toll free: 1-866-764-2150
E-mail: [email protected]


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A Snapshot of Business Bankruptcy: How Subchapter V, the CARES Act, and the Consolidated Appropriations Act Expanded Bankruptcy Relief for Businesses and Business Owners https://albaruthenicae.info/a-snapshot-of-business-bankruptcy-how-subchapter-v-the-cares-act-and-the-consolidated-appropriations-act-expanded-bankruptcy-relief-for-businesses-and-business-owners/ Tue, 23 Mar 2021 05:30:51 +0000 https://albaruthenicae.info/a-snapshot-of-business-bankruptcy-how-subchapter-v-the-cares-act-and-the-consolidated-appropriations-act-expanded-bankruptcy-relief-for-businesses-and-business-owners/ In February 2020, just before the COVID-19 outbreak, the Small Business Reorganization Act 2019 (Subchapter V) came into force.[1] Subchapter V amends Chapter 11 of the Bankruptcy Code to allow certain people and businesses with debts of less than $ 2,725,625 to file a simplified chapter 11 case in order to make small business bankruptcies […]]]>

In February 2020, just before the COVID-19 outbreak, the Small Business Reorganization Act 2019 (Subchapter V) came into force.[1] Subchapter V amends Chapter 11 of the Bankruptcy Code to allow certain people and businesses with debts of less than $ 2,725,625 to file a simplified chapter 11 case in order to make small business bankruptcies faster and less expensive.[2]

Subchapter V includes some unique provisions of Chapter 11, such as: (i) the appointment of a permanent trustee; (ii) allow only one debtor to propose a reorganization plan, which must be filed within 90 days of the date of the request; (iii) except by order of the court, no unsecured creditors committee; (iv) the elimination of the rule requiring that a new value be given in order for the debtor’s shareholders to retain their stake without paying the creditors in full; and (v) allow modification of certain residential mortgages if the underlying loan was not used to purchase the residence and was primarily used in connection with the business.[3]

Very soon after, in response to the COVID-19 epidemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted on March 27, 2020, which among other things , amended the definition of “debtor” for Subchapter V. to increase the debt ceiling from $ 2,725,625 to $ 7.5 million.[4]

As a result of these new laws, creative individual debtors filed a Subchapter V application to restructure personal guarantees for defunct business debts. In addition to the $ 7.5 million debt limitation, to be considered a debtor under Subchapter V, at least 50% of the debt must arise from the business or commercial activities of the debtor.[5] Within these parameters, bankruptcy courts recently found that people whose debts made up at least 50% of commercial debts, such as individual guarantees, could be considered small business debtors under subchapter V. .[6]

For example, the Louisiana Eastern District Bankruptcy Court ruled that commercial loan guarantees from individual debtors constituted commercial debt such that the debtors were classified as small business debtors under Subchapter V.[7] The court found that, because the majority of debtors ‘debts arose from the operation of the debtors’ currently operating businesses, as well as their now defunct businesses, and were for an amount below statutory debt limits. of subchapter V, debtors qualified under subchapter V.[8]

As a result of the CARES Act, businesses received additional COVID-19 relief with the enactment of the Consolidated Credit Act 2021 (CAA) on December 27, 2020, which includes multiple bankruptcy code changes designed to help businesses.[9]

Prior to the enactment of the CAA, the Small Business Administration (SBA), which administers the Paycheck Protection Program (PPP), opposed PPP loans for debtors and enacted rules denying small, bankrupt businesses access to PPP loans.[10] In response, CAA now expressly allows debtors in Chapter 11 Subchapter V cases (as well as Chapter 12 and 13 debtors) to apply for a PPP loan.[11]. However, frustrating for large companies, debtors in traditional Chapter 11 cases were not included and, therefore, would likely continue to be denied PPP loans in bankruptcy.[12]

Another benefit for subchapter V debtors is the CAA’s amendment to Section 365 (d) of the Bankruptcy Code, which allows the court to extend the debtor’s performance period under a non-leasehold. non-residential property matured up to 120 days from the date of the petition if the debtor is experiencing or has experienced hardship due to COVID-19.[13]

The CAA is also amending section 365 (d) (4) (A) of the Bankruptcy Code – to all debtors and not just subchapter V – to extend the time limit for a debtor-tenant to assume or reject a non-residential real estate lease for an additional 90 days for a total of 210 days after the date of the request.[14] Section 365 (d) (4) (B) (i) of the Bankruptcy Code already allows the court to extend the time limit for assuming or rejecting a lease, for cause, by an additional 90 days. Therefore, a debtor could have up to 300 days to decide whether to accept or reject an unexpired commercial lease without the consent of the landlord.

In addition, the CAA aims to encourage landlords and sellers to offer flexible payment terms to debtors by amending the preference provisions of Section 547 to provide that any “payment covered by rent arrears” or “rental arrears”. supplier covered ‘cannot be avoided as preferences.[15] In order to benefit from the exemption, the debtor and the counterparty must have entered into a lease or a contract before the date of the request, the lease or the contract must have been modified on or after March 13, 2020, and this modification must have been deferred or postponed payments due under the lease or contract.[16]

Subchapter V, the CARES Act and the CAA offer multiple new avenues for some businesses and individuals to restructure their debts in a Chapter 11 case. The CARES Act is currently set to expire on March 26, 2021, however, new bipartite legislation was recently introduced to extend the CARES Act Subchapter V debt limitation increase until March 27, 2022.[17] The CAA provisions discussed in this article are all set to expire on December 27, 2022.[18]


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Two Ohio medical marijuana businesses face state scrutiny https://albaruthenicae.info/two-ohio-medical-marijuana-businesses-face-state-scrutiny/ Tue, 23 Mar 2021 05:30:51 +0000 https://albaruthenicae.info/two-ohio-medical-marijuana-businesses-face-state-scrutiny/ COLUMBUS – Two companies come under fire for allegedly lying about their claims to sell medical marijuana in Ohio and breaking the state’s highly regulated program rules. The Ohio Board of Pharmacy, which oversees medical marijuana dispensaries, found two companies violated state rules: Greenleaf Apothecaries LLC, which operates as The Botanist, and Harvest of Ohio […]]]>

COLUMBUS – Two companies come under fire for allegedly lying about their claims to sell medical marijuana in Ohio and breaking the state’s highly regulated program rules.

The Ohio Board of Pharmacy, which oversees medical marijuana dispensaries, found two companies violated state rules: Greenleaf Apothecaries LLC, which operates as The Botanist, and Harvest of Ohio LLC.

The board says Greenleaf Apothecaries transferred ownership without state approval and / or distorted facts submitted with its dispensary application last year, according to parts of a board notice sent to the company obtained by The Enquirer via a public registration application.

The company, which has secured five dispensary licenses, announced in December 2018 that it had a management agreement with the large cannabis company Acreage Holdings, headquartered in New York City. State rules prohibit transfers of ownership before one year of operation.



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Exclusive: Senate Democrats ask FHFA to reverse changes to new uniform home loan application https://albaruthenicae.info/exclusive-senate-democrats-ask-fhfa-to-reverse-changes-to-new-uniform-home-loan-application/ Tue, 23 Mar 2021 05:30:50 +0000 https://albaruthenicae.info/exclusive-senate-democrats-ask-fhfa-to-reverse-changes-to-new-uniform-home-loan-application/ A group of nearly 20 senior Senate Democrats, including five current presidential candidates, want the Federal Housing Finance Agency to reverse a recently proposed set of changes to the new Uniform Home Loan Application, saying the changes could reduce access to credit for mortgage borrowers who are already underserved. Back in August, the FHFA led […]]]>

A group of nearly 20 senior Senate Democrats, including five current presidential candidates, want the Federal Housing Finance Agency to reverse a recently proposed set of changes to the new Uniform Home Loan Application, saying the changes could reduce access to credit for mortgage borrowers who are already underserved.

Back in August, the FHFA led Fannie mae and Freddie mac to make changes to the new URLA form and delayed the mandatory use of this form from February 1, 2020 to an unspecified future date.

The implementation of the new form would have led to the development of more than three years from the form to an end after more than 20 years of government sponsored businesses using the same form.

But with the deadline looming at the start of 2020, the FHFA announced earlier this year that it would delay the implementation deadline and ordered GSEs to remove the language preference issue and information on counseling in the future. housing matters from the updated URLA form.

As part of the change, the question on language preference and the question on home ownership education and housing advice were to be moved to a separate voluntary form.

But a group of Senate Democrats, led by Senators Catherine Cortez Masto, D-Nev., And Bob Menendez, DN.J., want the FHFA to reverse these changes.

In a letter sent to FHFA Director Mark Calabria, 19 Senate Democrats ask the FHFA to keep the language preference issue and housing advice information on the main URLA form, as c ‘was the case when the URL originally redesigned in 2016.

Senators Sherrod Brown, D-Ohio, join Cortez Masto and Menendez in sending the letter; Elizabeth Warren, D-Mass. ; Amy Klobuchar, D-Minn .; Richard Blumenthal, D-Conn .; Ed Markey, D-Mass .; Bob Casey, D-Pa. ; Mazie Hirono, D-Hawaii; Kirsten Gillibrand, DN.Y. ; Kamala Harris, D-Calif .; Bernie Sanders, I-Vt .; Ben Cardin, D-Md .; Tina Smith, D-Minn .; Cory Booker, DN.J. ; Jeff Merkley, D-Ore .; Ron Wyden, D-Ore .; Chris Van Hollen, D-Md .; and Patty Murray, D-Wash.

According to Cortez Masto’s office, senators believe the decision to move these sections to a separate form “could reduce access to mortgage financing for homebuyers ready for English-fluent mortgages and have serious financial repercussions. “.

The changes, in particular the deletion of the question on language preference, were supported by the Mortgage Bankers Association and other groups.

“As you will recall, MBA objected to including the language preference issue in the URL because of the customer relationship issues that this issue would cause if lenders could not actually serve borrowers in the URL. language of their choice, and due to unresolved operational and legal issues raised by the information on language preferences, ”said MBA President and CEO Bob Broeksmit in a letter to MBA members earlier this year.

In their letter, the senators note that the mortgage industry’s concern over the issue of language may be overstated.

“In November 2017, the FHFA decided to place the question on language preference and information from housing counseling agencies on the redesigned and revised URL. The FHFA decision is the result of a multi-year effort to better fulfill the FHFA’s statutory mandate of providing access to credit in various markets and supporting home ownership opportunities for loan-to-loan borrowers. take out a mortgage, ”write the senators.

“As you know, the revised URL has been carefully crafted as part of a thoughtful multi-year process by FHFA staff, Fannie Mae and Freddie Mac to include the issue of language preference and information on the agencies. housing advice, “they continue.

“Although some members of the mortgage industry have expressed concern over the issue of language preference due to perceived legal liability and uncertainty, the FHFA and the Consumer Financial Protection Bureau has taken the necessary legal steps to clarify that identifying borrowers’ language preferences is a vital data collection for the industry and does not create a new risk of an Equal Credit Opportunity Act or other fair loan violations, ”they add.

Beyond that, senators argue that the revised language preferences section of the URL “made it clear to borrowers that choosing a preference other than English would not guarantee service in that language.”

This is why, in the opinion of the senators, it was “surprising” to see the FHFA decide “arbitrarily” to make the modifications to the form.

“Voluntary forms are not adequate disclosures,” write the senators. “Lenders won’t be required to use the new voluntary form, and it’s unclear how many will choose to do so. This will result in disparate treatment among borrowers who use different lenders. “

In addition, senators believe that removing the language preference issue will have a negative impact on the borrower and the mortgage manager after the loan closes.

“In addition, there is no guarantee that the voluntary form will remain with the loan file. This leaves subsequent loan officers without basic communication information about their borrowers, ”write the senators.

“We know that many English-proficient borrowers encountered language barriers when trying to get help from their agents during the financial crisis. In some cases, such barriers prevented borrowers from taking advantage of loan modifications to which the borrower was eligible, ”the senators continue. “The voluntary form will also undermine all efforts to collect market-wide data on language access needs. Without this vital information, policymakers and lenders will once again wonder how well the market actually serves various borrowers. “

Senators also want housing counseling information to be restored to the main URLA form, to ensure that “ready-to-borrow borrowers are provided with resources on housing counseling groups that speak their language to ensure borrowers understand their loans ”.

Senators closed their letter by stating that borrowers and the housing sector would be helped by returning GSEs to the initially proposed URLA form.

“The revised URL was an important step towards increasing access to languages ​​across the mortgage market. Access to sustainable and affordable homeownership is essential for underserved borrowers with poor English skills, ”write the senators.

“Ultimately, it is in the business interests of all who work in the mortgage market to be prepared to serve all borrowers willing to afford a mortgage,” they conclude. “We urge you to reverse your decision to remove the language preference issue and housing advice access information from the redesigned URLA and work to leverage the FHFA’s efforts to improve accessibility to housing. mortgage loan products for various borrowers in the mortgage market. “

The senators’ letter is seconded by the UnidosUS, NAACP, National Housing Resource Center, Leaders’ Conference on Civil and Human Rights, National Alliance for Fair Housing, Center for Responsible Lending, Americans for Financial Reform, National Coalition for the Development of the Asian-Pacific American Community, and the National Center for Consumer Law (on behalf of its low income clients).

To read the senators’ letter in its entirety, Click here.


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The “unwarranted hype” of stem cell therapies https://albaruthenicae.info/the-unwarranted-hype-of-stem-cell-therapies/ Tue, 23 Mar 2021 05:30:50 +0000 https://albaruthenicae.info/the-unwarranted-hype-of-stem-cell-therapies/ Some patients feel that they just don’t have the time to wait for good evidence from long-term clinical trials to come to fruition. Take this fundraising plea from a patient with ALS, a disease in which half of patients die within three years of their first symptoms: “I have only 32% breathing left, I can’t […]]]>

Some patients feel that they just don’t have the time to wait for good evidence from long-term clinical trials to come to fruition. Take this fundraising plea from a patient with ALS, a disease in which half of patients die within three years of their first symptoms:

“I have only 32% breathing left, I can’t speak and I lose (sic) control of my hands and legs. I have where a respirator mask for 12-14 hours a day … PLEASE HELP!

Doesn’t the patient who has “delivered to 32% of breathing” have the right to try anything that could save him / her, the crowdfunding to do so, even if this treatment is administered in an unregulated clinic ? Barker fears that it is this vulnerability that is being exploited, citing potential risks including tumor formation.

But he also believes legitimate stem cell research will suffer. “If this does not work out, regulators could ban these therapies for times to come based on the belief that these clinics offer essentially the same therapies as centers that have slowly been working toward clinical trials through appropriate rational approaches.” , said Barker.

Although regulators must play a role in tandem with cross-border partnerships, there is a growing consensus that crowdfunding platforms should take responsibility as well. Campaigns for unsafe or insufficiently proven treatments continue to rise millions of dollars.

Protect patients

It’s true that these platforms can allow patients to explore options, stay hopeful, and cover insurance gaps, while also allowing families and friends to extend their support. But shouldn’t they also ban bad actors and stop the spread of disinformation (campaigns are shared hundreds of thousands of times on social media)?

Not necessarily, a GoFundMe suggested statement to Gizmodo earlier this year: “While we hope to be a useful resource for personal fundraising, we don’t think it’s up to us to tell them what decision to make. After a call to crowdfunding sites to rigorously review cancer appeals to protect patients from unproven or dangerous treatments (such as “ozone therapy” and vitamin infusions), GoFundMe banned users from seeking donations for treatment at some clinics in the month and now report that they are actively assessing concerns about certain stem cell campaigns.

“With these new concerns about some stem cell clinics, we are taking a thoughtful approach to approaching stem cell campaigns while continuing to provide a safe and secure place for people to fundraise for their needs and causes. We are reaching out to space experts and medical regulators to understand the latest regulatory developments and how these developments affect our customers, ”they said in a statement.

When presented with similar concerns, JustGiving has already declared: “We don’t think we have the expertise to pass judgment on this. In an email to the BBC, they claimed they made sure all crowdfunding pages followed legal requirements and claimed that “the safety and well-being of people using our platform, that they raise funds or make a donation to a cause, is always our priority “.

Tree of Hope, a UK crowdfunding organization and children’s charity, claims a different approach. Their medical committee takes advice on UK Stem Cell Foundation campaigns. “Families look to Tree of hope when all other options have been exhausted, ”said Lee Vallins, deputy general manager and head of family support for the association. “We work with amazing, albeit often desperate, parents and make sure we explore options with them, at their pace. But although they have supported a number of families in crowdfunding stem cell transplants, safeguards are in place.

“We gladly spend time with parents who call us to ask for advice on this type of therapy and quite often we turn down a request if parents are unwilling to consider recognized clinical trials or alternative treatment options,” explains Vallins. “While not one of the biggest crowdfunding organizations, we certainly strive to be one of the most ethical with our checks and balances throughout the process. “

Hunt for hope

Jay Shetty eventually received a two-hour infusion of stem cells through a cannula in his arm at Duke University. What were Shilpa’s expectations? “I knew it wasn’t a cure, I knew he wasn’t going to get away with walking and running. But I thought at least Jay would be able to sit up in six months, to be honest. Unfortunately, that didn’t happen, ”she says. “We haven’t seen any dramatic changes but he’s not as spastic, he’s more conscious, for us as a family, we think it’s big enough. It’s kind of a foundation for all physiotherapy.

But was stem cell therapy responsible for this improvement? Maybe Jay would have learned more skills growing up anyway? “It’s hard to pin down because we’ve been doing therapy for a long time,” says Shilpa.

To date, stem cell studies in cerebral palsy at Duke University Medical Center led by Joanne Kurtzberg, did not quite live up to expectations although the work is underway. In 2017, 63 children with cerebral palsy were randomized to receive treatment (a single infusion of cord blood) or a placebo. Disappointingly, the researchers found no change in the trial’s primary endpoint: motor function one year after baseline infusion. They reported better results at higher doses (highlighted in some media coverage), but Paul Knoefler at UC Davis School of Medicine is not convinced. “Based on the small study size, a high degree of variability within samples from the same groups, changes in the placebo group from what was expected and the modest nature of the possible differences with the higher dose compared to the placebo, I am not convinced that the reported effect was significant, ”he says. He also tells me that with a study by the Duke group on autism, these results “do not suggest a strong positive effect of umbilical cord cells for pediatric neurological disorders.”

Cells4Life, the cord blood stem cell bank that supported Jay’s fundraiser, still says on its website that “Duke’s trials have shown that cord blood can reverse symptoms of cerebral palsy.” (Cells4Life says its mission is to “conserve every baby’s cord blood.” Their price ranges from £ 1,495 ($ 1,816) to £ 2,090 ($ 2,538) with additional annual storage fees.)

The Shetty are not discouraged. “If we find a match and Duke opens a similar trial, I’m more than happy to pay for it,” says Shilpa. “If we have the money, we’ll keep doing it over and over again to be honest. In Jay’s case, there are a lot of empty spaces in his brain and he needs new cells.

Meanwhile, she and other parents will continue to browse the internet late at night, looking for anything that could help their children, in search of hope, calling for a cure. As long as they do, stem cell clinics will promise to answer their call.

Jules Montague is a writer and neurologist in London. His first book, Lost and found, explores what is left of a person when the pieces of their mind disappear – from dementia and brain damage to sleep disturbances and multiple personality disorders. His second book, The Diagnosis Healing, will be published next year and explore how medical diagnosis is deeply tainted by the forces of trade, imperialism and gender discrimination.

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Additional Loans Available for Monterey County Businesses Affected by Covid-19 – The King City Rustler https://albaruthenicae.info/additional-loans-available-for-monterey-county-businesses-affected-by-covid-19-the-king-city-rustler/ Tue, 23 Mar 2021 05:30:49 +0000 https://albaruthenicae.info/additional-loans-available-for-monterey-county-businesses-affected-by-covid-19-the-king-city-rustler/ MONTEREY COUNTY – Cal Coastal has announced additional small business loans to help businesses in Monterey County affected by the Covid-19 pandemic. “New economic support is available for businesses in Monterey County, which are still affected by the pandemic,” said Maia Carroll, county communications coordinator. Money from the Small Business Revolving Loan Fund was designed […]]]>

MONTEREY COUNTY – Cal Coastal has announced additional small business loans to help businesses in Monterey County affected by the Covid-19 pandemic.

“New economic support is available for businesses in Monterey County, which are still affected by the pandemic,” said Maia Carroll, county communications coordinator.

Money from the Small Business Revolving Loan Fund was designed to support small businesses in Monterey County, with the county receiving an additional $ 1.6 million from the Economic Development Administration under the CARE Act to support the effort.

Applicants must demonstrate that their business has been financially burdened by the public health emergency. They should also have between two and 10 employees, have annual revenues of less than $ 2 million, be a running business and not a passive real estate entity, have been in business for at least a year, have a workable plan to recover after the death. disruption and be up to date on federal income taxes.

The loan terms include a low fixed interest rate, a maximum loan term of seven years, an upfront payment deferral period of up to nine months, and a waiver of loan and application fees, although borrowers are responsible for $ 250 documentation and closing costs.

The loan proceeds can be used for working capital and can be used for expenses like payroll, rent, inventory, utilities, etc.

To apply, companies can submit a prequalification to calcostal.org/pre-qualification/ or by phone at 831-676-2020. One-on-one assistance in completing the loan application is available by appointment by calling 831-676-2017.


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Joint mortgage loan: advantages and disadvantages of adding a co-applicant to your mortgage https://albaruthenicae.info/joint-mortgage-loan-advantages-and-disadvantages-of-adding-a-co-applicant-to-your-mortgage/ Tue, 23 Mar 2021 05:30:49 +0000 https://albaruthenicae.info/joint-mortgage-loan-advantages-and-disadvantages-of-adding-a-co-applicant-to-your-mortgage/ Adding a co-applicant would increase your overall loan eligibility. However, it is important to weigh the pros and cons before making the decision to opt for a solidarity mortgage. The rejection of your mortgage application can set you back in achieving your dream of becoming a homeowner. Since adding a co-applicant can help you get […]]]>

Adding a co-applicant would increase your overall loan eligibility. However, it is important to weigh the pros and cons before making the decision to opt for a solidarity mortgage.

The rejection of your mortgage application can set you back in achieving your dream of becoming a homeowner. Since adding a co-applicant can help you get out of such scenarios, it’s important to weigh the pros and cons before making the decision to go for a joint home loan. Below are things to keep in mind before submitting a joint mortgage application:

1. Improves loan eligibility

Borrowers often have difficulty getting their home loan application approved due to failure to meet various eligibility criteria such as minimum income, debt-to-income ratio, credit rating, etc. In such cases, adding a co-applicant would increase your overall loan eligibility and even help qualify for a higher loan amount, if necessary. When you take out a joint mortgage loan with a creditworthy co-applicant who has a good credit rating and satisfactory repayment capacity, your chances of getting a loan improve. However, make sure that your debt ratio and that of the co-applicant does not exceed 50 to 60%. Failure to do so may result in rejection of the home loan, or you may have to settle for a loan with a higher interest rate.

2. Higher tax advantages

Most home buyers are familiar with the tax benefits available on home loans under Sections 80C and 24b of the Income Tax Act. Interest repaid by the borrower can be deducted under section 24b, up to Rs 2 lakh each year, while the principal repaid is eligible for deduction under section 80C, up to a maximum of Rs 1.5 lakh per year. Not everyone may know that a joint mortgage application allows co-borrowers to separately benefit from these tax advantages. However, do not forget that the co-borrower can only benefit from a tax advantage if he is also the co-owner of the property. Only those who are both co-borrower and co-owner can benefit from the tax advantages.

3. Lower interest rates for female co-applicants

Many lenders offer differentiated interest rates for female mortgage co-applicants. These rates are typically about 0.05% (5 basis points) lower than the standard rates provided by the lender. To benefit from such an advantage, women must be either the sole or co-owner of the property concerned, and also the principal or co-applicant of the mortgage.

Most banks generally only accept women as co-applicants if the woman is either the owner / co-owner of the property concerned, or if her income has been taken into account when assessing loan eligibility and capacity. reimbursement.

4. What to watch out for

Lenders assess your joint loan application based on your credit scores, income, age, debt to income ratio, etc. Your loan application may be rejected if your co-applicant’s credit rating is lower, as lenders are reluctant to lend to those who do not have disciplined credit repayment behavior. Lenders will only approve a joint loan application if the repayment capacity of the principal applicant and the co-applicant is satisfactory. Also, keep in mind that the rejection of a home loan application can further lower your credit score. In some cases, lenders may consider lending you at a higher interest rate instead of outright rejecting your joint loan application.

(By Ratan Chaudhary, Head of Home Loans, Paisabazaar.com)

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