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North Carolina governor prohibits mass gatherings, closes certain businesses
On March 23, the governor of North Carolina issued an executive order prohibiting mass gatherings of 50 or more. The order does not specifically address financial institutions.
North Carolina court office postpones foreclosures and other civil proceedings
On March 15, the North Carolina Administrative Office of the Courts and Chief Justice Beasley issued a memorandum implementing a 30-day postponement (until April 14) on foreclosures and other civil proceedings, subject to limited exceptions.
North Carolina issues guidance for credit unions during Covid-19
The North Carolina Credit Union Division notified state-chartered credit unions of certain accommodations for Covid-19. These include (i) conducting examinations offsite; (ii) granting extensions of the deadline to submit quarterly call reports; (iii) conducting meetings electronically, (iv) discouraging in-person board meetings; and (v) permitting the postponement or cancellation of required annual meetings.
North Carolina Office of Commissioner of Banks communicates on operational changes
On March 17, the North Carolina Office of Commissioner of Banks issued a communication to banks advising them that the OCOB needs to be informed of any changes in operations or services offered.
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