Welcome to FHLBank Indianapolis’ centralized COVID-19 blog to keep our Michigan and Indiana members apprised of crucial business information, regulatory requirements, or other important updates during the COVID-19 Pandemic. We are open for business as always, and are committed to serving your needs during this time.

Don’t hesitate to contact us at memberservices@fhlbi.com with any questions or concerns.

Cindy Konich,
President and CEO 

Advantage MPP: Delegated Authority for COVID-19 Forbearance Resolution Plans

On May 11, Advantage MPP published Bulletin 06-20 that provided guidance regarding delegated authority for COVID-19 forbearance resolution plans.

Loans that have been afforded a payment forbearance as a result of a COVID-19 related financial impact will require an established method of repayment. This Bulletin provides delegated authority for servicers to establish forbearance resolution plans with borrowers, the review process, and approved resolution methods under such delegated authority for FHLBank Indianapolis conventional loans.

You can read the entire bulletin, which includes steps and procedures here: Bulletin 06-20.
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Rest assured that FHLBank Indianapolis is ready and able to meet our members' liquidity needs as the coronavirus spreads.

But are you prepared from your end? 

Please review this Coronavirus Preparedness letter from FHLBank President and CEO Cindy Konich to ensure your financial institution has everything it needs to access FHLBank Indianapolis liquidity during this time.