Federal Reserve Provides Additional Guidance on the Main Street Lending Relief Program: Program Slated to Commence in the Near Term

On May 27, 2020, the Federal Reserve Bank of Boston issued additional guidance, forms of borrower and lender certifications, forms of participation agreements and related agreements in connection with the Main Street Lending Program. No official launch date was announced for the Program, but it has been widely reported that the launch is imminent. The Federal Reserve also updated and expanded the Frequently Asked Questions document.

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