Statement on California Governor COVID-19 Relief Announcement
NEW YORK Mar 25, 2020 Following an announcement by California Governor Gavin Newsom about helping families during the COVID-19 outbreak, JPMorgan Chase issued the following statement:
We support Governor Newsom in his calls for financial institutions to offer customer relief during this extraordinarily challenging time. In fact, we have already been providing relief to customers across the country who have said they’re struggling financially due to coronavirus – just as we’ve done before during hurricanes, wildfires, government shutdowns, or other moments that cause economic stress for our customers.
As detailed by the Governor in a press release today, Chase Home Lending customers who are struggling financially as a result of COVID-19 are able to request a 90-day payment forbearance, with no related late fees and no negative impact on their credit reports as a result of deferring payment. Chase has also paused all new foreclosure activities for the next 60 days, in accordance with applicable guidelines.
Chase has also paused all new foreclosure activities for the next 60 days, in accordance with applicable guidelines. For more information, please visit www.chase.com/covidmortgagesupport.