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Tag: COVID-19

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

If the coronavirus (COVID-19) outbreak has hurt you financially, working out a deal with a creditor or lender to skip payments or pay less than the required minimum amount could impact your credit even though, in most cases, it shouldn’t. So, you need to be proactive in reviewing and protecting your credit during this national emergency. Credit Protections Under the CARES Act Under the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, if you make an agreement with a…

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Student Loan Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Student Loan Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

The federal Coronavirus Aid, Relief, and Economic Security (CARES) Act puts an automatic suspension on payments for eligible federal student loans for six months, from March 13, 2020, until September 30, 2020. For many people, getting a break from payments during this national emergency is a lifesaver. But for others, having a loan in forbearance can hurt or ruin their chances of qualifying for a new mortgage or refinance loan. Here’s why: Mortgage lenders usually use your actual monthly student…

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OSHA requires employers to log work-related cases of COVID-19

OSHA requires employers to log work-related cases of COVID-19

In updated guidance released on May 19, 2020, the Occupational Safety and Health Administration (OSHA) stated that employers must record confirmed, work-related cases of COVID-19 on OSHA Form 300, the form used to record workplace illnesses and injuries. Under the new guidance, an employer must log a worker’s case of COVID-19 if all of the following conditions are met: The illness is a confirmed case of COVID-19. The illness is work-related. The illness involved days away from work, restricted duties,…

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Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Under the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, homeowners with federally backed mortgage loans who’ve been affected by COVID-19, regardless of delinquency status, can get a forbearance. Also, even if you don’t have a federally backed mortgage loan, your lender might agree to a forbearance plan. Under the CARES Act, any loan that’s in forbearance must be reported as “current” on credit reports, so long as the borrower wasn’t already delinquent on payments at the time of…

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Coronavirus: Employers Can Now Inspect I-9 Documents Remotely

Coronavirus: Employers Can Now Inspect I-9 Documents Remotely

In response to the COVID-19 pandemic, the Department of Homeland Security (DHS) has announced that employers can now remotely inspect workers’ identity and employment authorization documents for Form I-9 purposes. Form I-9 is used to verify each newly hired employee’s legal right to work in the United States. Ordinarily, an employer (or authorized representative) must conduct an in-person review of these documents. The government has made clear that remote inspection is a temporary measure and available only to employers who…

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