MARlink – Oct. 19, 2020

Association News

As many of you have already know, there was an error in our 2021 billing that went out last week.

• Please do not make payments toward this invoice.
• If your credit card was charged, a refund has been issued.
• We hope to send out revised invoices early next week.

We apologize for the inconvenience and confusion, and appreciate your patience as we work through the new Growth Zone systems.

Advocacy

COLORADO VOTER REGISTRATION

• Review your voter record to make sure your information is up to date.
• October 9 - Counties began mailing ballots. View my sample ballot.
• October 26 - deadline to register to vote or update your registration and still receive a ballot in the mail.
• October 26 - Last suggested day to return a ballot through the mail. After this date, voters should visit a drop box or vote center to drop off their ballot.
• In Colorado, you can register to vote and vote in person up to 7:00 PM on Election Day.
• Registered voters can use BallotTrax to track ballot status here.

GOOD NEWS FOR PPP BORROWERS
For NAR members who borrowed $50,000 or less through the Paycheck Protection Program, it is now easier to receive automatic loan forgiveness. These smaller loans now require less documentation and fewer calculations than the previous process. The U.S. Small Business Administration and the Treasury Department announced the simplified process late last week.

Many NAR members who took PPP loans will benefit, says Shannon McGahn, NAR’s chief advocacy officer. “This new application (SBA Form 3508S) is one-and-a-half pages long, which is about as good as it gets for a government program and half the length of the previous EZ Application,” she says.

One in five NAR members report having taken out a PPP loan since the program was created, according to a recent NAR survey. NAR continues to actively encourage Congress, in any future COVID relief bill, to forgive loans of less than $150,000.