Department of Banking's Response to Coronavirus (COVID–19)

The Texas Department of Banking is working to provide you with the latest information to protect you from Coronavirus (COVID-19). Below are measures that we have found will be helpful while we work through this difficult Time

Information from the Governor

• May 19 2020: Governor's  Strike Force to Open Texas
• April 29, 2020: Governor Abbott Temporarily Allows For Appearance Before Notary Public Via Videoconference For Real-Estate Instruments
• Small Business Webinar Series  - Series is intended to provide Texas small business owners and entrepreneurs with timely, relevant, and actionable information on COVID-19 recovery resources.
• April 12, 2020: Governor Abbott Extends Disaster Declaration For COVID-19
• March 25, 2020: Governor Abbott Announces Approval Of Major Disaster Declaration
• March 20, 2020: Governor Abbott Announces Approval Of Emergency Designation For Small Business Disaster Loans From U.S. Small Business Administration
• March 20, 2020: Governor Abbott Issues Statement On Texas Supreme Court Temporary Suspension Of Residential Eviction Proceedings
• March 19, 2020: Governor Abbott Issues Executive Orders In Accordance With Federal Guidelines To Mitigate Spread Of COVID-19 In Texas

Resources

• Department of Banking

  • FAQ: Main Street Lending Program
  • March 24, 2020: IBAT Industry Update with guest speaker Commissioner Charles G. Cooper
  • March 20, 2020: COVID-19 Update for State Chartered Banks with Commissioner Charles G. Cooper
     

• Finance Commission

  • April 1, 2020: Joint Financial Regulatory Agencies’ Guidance on emergency measures for home equity lenders to consider in response to the Novel Coronavirus (COVID-19)

• U.S. Treasury

  • October 13, 2020: Frequently Asked Questions (FAQs) on PPP Loan Forgiveness
  • Assistance for Small Businesses - Paycheck Protection Program (PPP)
  • March 30, 2020: Readout of Call of the Task Force on Nonbank Mortgage Liquidity
     

• FDIC

  • November 20, 2020: Temporary Asset Thresholds Interim Final Rule
  • September 29, 2020: Real Estate Appraisals Final Rule
  • September 29, 2020: Treatment of Certain Emergency Facilities in the Regulatory Capital Rule and the Liquidity Coverage Ratio Rule
  • August 26, 2020: Final Rule on the CBLR Transition Adjustments
  • August 26, 2020: Final Rule on the Definition of Eligible Retained Income in the Capital Rule
  • August 26, 2020: Final Rule on the Revised CECL Transition in the Capital Rule
  • June 23, 2020: FIL-64-2020 Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
  • June 22, 2020: FIL-63-2020 Final Rule Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Liquidity Facility, and the Money Market Mutual Fund Liquidity Facility
  • April 14, 2020: Interagency Statement on Appraisals and Evaluations for Real Estate Related Financial Transactions Affected by the Coronavirus
  • April 10, 2020: FIL-40-2020 Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to COVID-19 and the CARES Act
  • April 9, 2020: FIL-39-2020 Consolidated Reports of Income for First Quarter 2020
  • April 9, 2020: FIL-38-2020 Capital-related Revisions to the Consolidated Reports of Condition and Income (Call Report) and the FFIEC 101 Report
  • April 9, 2020: FIL-37-2020 Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program
  • April 7, 2020: Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)
  • March 22, 2020: Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus
  • March 19, 2020: FDIC - Frequently Asked Questions For Financial Institutions and Consumers Affected by the Coronavirus
     

• CSBS

  • Conference of State Bank Supervisors (CSBS)  COVID-19 Response
  • Consumer Relief Guide - Your Rights to Mortgage Payment Forbearance and Foreclosure Protection Under the Federal CARES Act
  • CSBS COVID - 19 Consumer Resources
  • CSBS Consumer Protection Guidance
  • March 23, 2020: Simply Stated Podcast COVID - 19 Financial System Update
    
    

• Additional COVID-19 Agency Responses

  • Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance
  • Top-Line Overview of First Draw PPP Loans
  • Top-Line Overview of Second Draw PPP Loans
  • Interim Final Rule #1 – PPP as Amended by Economic Aid Act
  • Interim Final Rule #2 – PPP Second Draw Loans
  • Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only)
  • Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement 
  • Joint Statement on Additional Loan Accomodations Related to COVID-19
  • Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30
  • Federal Eviction Moratoriums
  • CISA - COVID-19 Disinformation Toolkit
  • Interim Final Rule on Loan Review Procedures and Related Borrower and Lender Responsibilities
  • Interim Final Rule on Loan Forgiveness
  • Compliance Alliance Pandemic Planning for Banks
  • Consumer Financial Protection Bureau
  • Department of the Treasury
  • Federal Deposit Insurance Corporation
  • FFIEC Reports of Condition and Income Filing Deadline Extension
  • Federal Reserve Board
  • Freddie Mac
  • Nationwide Multistate Licensing System (NMLS) COVID-19 Updates
  • Small Business Administration
    • Coronavirus Relief Options (PPP, EIDL, Bridge Loans, Debt Relief)
    • SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021
  • Texas Bankers Association COVID-19 Update
  • U.S. Department of Agriculture
  • U.S. Department of Veterans Affairs

Proclamations

• March 16, 2020: Proclamation Texas State-Chartered Banks for the Coronavirus

Press Releases

• March 26, 2020: CSBS - Texas Banking Commissioner and State Banking FSOC Member Charles Cooper Statement
• March 16, 2020: Department Issues Proclamation to Texas State-Chartered Banks for the Coronavirus

Industry Notices

• June 23, 2020: Interagency Examiner Guidance for Assessing Safey and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions
• April 8, 2020: Increased Cyber Activity During Times of Crisis
• April 1, 2020: Trust Company Call Report and Certification of Exempt Status
• March 30, 2020: Business Continuity Planning Considerations – COVID-19
• March 23, 2020: Treasury Memo Designates Financial Services Sector Essential Critical Infrastructure Workers
• March 16, 2020: Texas Department of Banking Provides Support and Guidance for Coronavirus Disease 2019 (COVID – 19)