OCC Offers Advice to Banks Affected by Hurricane Isabel

The Office of the Comptroller of the Currency is advising national banks that were affected by Hurricane Isabel to use various alternatives to help recover. Some of these suggested alternatives include extending the terms of loan repayments, restructuring a borrower’s debt obligations, and even temporarily closing offices that were affected by the storm. These alternatives are aimed at helping the bank, the customers and the community. Any banks in need of assistance are advised to contact the OCC.

Visit the OCC website to learn more.

Contact Nichols, Cauley & Associates by Email, phone, or online form with your questions.

Site visitors should keep in mind that the content is generally designed to be of general applicability. Particular state laws, regulations and special contractual provisions can greatly impact rights, responsibilities and legal obligations. Only a competent attorney, accountant or other professional looking at all the pertinent facts and circumstances of a particular situation can provide definitive guidance for you. Please refer to our important legal discalimer which can be accessed from the bottom of any BankAudit.net webpage.