CARES ACT Section 1112 Gross Loan Payment

Section 1112 Of Coronavirus Aid Relief, and Economic Security Act (CARES Ac7t), requires SBA to provide debt relief to certain borrowers by paying on their behalf the principal, interest, and any associated fees that they owe on a "covered loan" that is in regular servicing status. Lenders are requested to provide certain information to SBA that would enable the Agency to remit the payments on behalf of eligible borrowers for the covered period for compliance.

The latest form for CARES ACT Section 1112 Gross Loan Payment expires 2021-06-30 and can be found here.