U.S. Bank said 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, said Tom Joyce, director of corporate public relations at U.S. Bancorp.
Debtors are instructed to call the bank at (800) 890-2233 to choose the month or payment to skip. The bank will then verify with the debtor before the payment is actually skipped.
U.S. Bank already has a program to help with mortgage loan forgiveness. Eligible customers must have a U.S. Bank account in good standing by June 30 to qualify.