New IRS Requirements for Documenting FFCRA Paid Leave Requests

By Randall Sutton, Partner – Employment Law & Litigation Practice Group The Department of Labor (DOL) and IRS provided additional guidance for employers last week regarding paid leave requests under the Families First Coronavirus Response Act (FFCRA). Employers who grant paid leave under the FFCRA are eligible to have 100% of the wages paid offset

COVID-19’s Impact on Credit Reporting

By Litigation Practice Group On April 1, 2020, and as part of the federal government’s response to the COVID-19 pandemic, the Consumer Financial Protection Bureau (“CFPB”) issued a policy statement (“Statement”) to guide lenders and credit reporting agencies as to their reporting obligations under the recently-passed Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). In the Statement,

COVID-19 Orders May Increase Accessibility to Remote Notary Services

By Margaret Gander-Vo, Real Estate & Land Use Attorney Notarizing deeds, wills, and other documents during the COVID-19 pandemic while attempting to maintain recommended social distancing practices as created a significant challenge. Some banks are utilizing drive-up windows to facilitate necessary witnessing. Other offices have implemented systems where the notary and the signer take turns

Oregon’s DCBS Hits Pause on Insurance Cancellations and Non-Renewals

By Litigation Practice Group As COVID-19 continues to impact Oregonians, the State continues to issue orders aimed at lessening its effects. On March 25, 2020, on the heels of Governor Brown’s moratorium on nonpayment-based residential evictions, Oregon’s Department of Consumer and Business Services (“DCBS”) issued an order (the “Order”) directing all insurers in the state to suspend all cancellations

Limited Oregon Court Access in Response to Coronavirus

By Litigation Practice Group On Friday, March 27, 2020, Oregon Supreme Court Chief Justice Martha clarified how Oregon State courts will operate as part of the state’s continuing response to the COVID-19 pandemic. In the form of a Chief Justice Order, Chief Justice Walters clarified which court processes must be conducted in person at Oregon courthouses

Commercial Lease Default Rates Expected to Rise as COVID-19 Continues to Impact Businesses – April 1st, 2020 Update

By Alan Sorem, Real Estate & Land Use Attorney The recent quarantine orders have had significant impacts on individuals, businesses, and the economy. Commercial lease default rates will spike as retail and office users are forced to close or dramatically change their businesses. Effective April 1, 2020, Oregon Governor’s Executive Order 20-13 ordered a moratorium

Paycheck Protection Program Guidance Now Released

By Caleb Williams, Business & Taxation Attorney, and Erich Paetsch, Creditor’s Rights & Bankruptcy and Litigation Attorney The US Treasury in coordination with the US Small Business Administration just released its initial guidance for borrowers and lenders on the Paycheck Protection Program loans authorized by the CARES Act. The guidance includes important information for small

Small Business Assistance Under the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act” was signed into law on March 27, 2020, in response to the Coronavirus (COVID 19) pandemic. The CARES Act provides financial assistance to small businesses impacted by COVID 19. To assist our clients in understanding what benefits may be available through this legislation, we

Oregon DCBS Issues Guidance to In-State Lenders in Response to COVID-19

By Litigation Practice Group On March 20, 2020, the Oregon Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-07 (the “Bulletin”) to provide guidance to Oregon-regulated lenders and loan servicers in extending help to borrowers struggling through the COVID-19 pandemic. Recognizing the difficulty that many Oregon businesses and individuals will and may have in repaying