Posted at 9:05 PM on July 11, 2011
by Paul Tosto
From MPR News reporters Nancy Lebens and Tim Nelson
U.S. Bank says it will allow a month reprieve from most loan payments to customers affected by Minnesota's state government shutdown. The bank is offering the program to laid off state employees and others whose businesses are affected by the shutdown.
U.S. Bank spokesman Tom Joyce says customers can choose which monthly payment they'd like to skip, then notify the bank by calling an 800 number.
"A variety of loans are eligible as well as small business lines of credit, consumer lines of credit, etc. They should call the bank and just make sure they've picked the month, or picked the payment that they want to skip and get that verification from the bank before they were actually to skip a payment."
U.S. Bank says it already has a program on mortgage loan forgiveness. Eligible customers must have a U.S. Bank account in good standing by June 30 to qualify.