John314 Posted March 29, 2022 Share Posted March 29, 2022 Has there been any guidance released relating to if or how the Annual Funding Notice should be modified to reflect the funding relief of the American Rescue Plan? I think the interest rate changes shouldn't be a big deal given the guidance from when MAP-21 was released, but should we attempt to demonstrate the impact on the MRC of the change from a 7-year to 15-year amortization period, along with an amortization fresh start? Link to comment Share on other sites More sharing options...
Bri Posted March 29, 2022 Share Posted March 29, 2022 Does the notice itself get modified, or do you just have better-looking numbers? (Smaller minimum due, better FTAP, et cetera) Link to comment Share on other sites More sharing options...
Nate S Posted March 30, 2022 Share Posted March 30, 2022 The MAP-21 disclosures were due to the discretionary nature of the adopted relief.(If I remember my AFN logic correctly, the additional disclosure was only if MAP rates were used before HAFTA) If ARP is likewise discretionary i would include a similar comparison; but if it's mandatory then what good does it due to disclose a what if that can't be? Link to comment Share on other sites More sharing options...
Bri Posted April 8, 2022 Share Posted April 8, 2022 I saw something that the old 2020 expiration date for the HATFA disclosure was just updated to 2034 for the ARPA impact. Since 2022 is the required start for the 15-year amort, and my plan didn't have a 2021 stabilized shortfall, I'm thern doing my unstabilized MRC based on 7-year because it's all hypothetical, indeed. Link to comment Share on other sites More sharing options...
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