Huntington Bank (OH) – Consumer relief measures
Agency / Department: Huntington Bank (OH)
Resource: Consumer relief measures
Details: Consumer Payment Deferral Program – In an effort to look out for our customers, Huntington is offering up to 90 days of payment deferral on all consumer loans for those experiencing financial hardship due to COVID-19. Although interest will continue to accrue during the payment deferral period, you will not have to make a single ‘catch-up’ payment at the conclusion of the deferral period. We’ll work with you, and either extend the term or otherwise modify your loan. Late Fees on Consumer Loan Suspension Program – Beginning in March 2020, Huntington will suspend charging late fees on consumer loan payments. This suspension is effective through the end of March 2020 and we will continue to evaluate whether to extend this program.
Repossession Halt Program – Beginning March 17, 2020, Huntington will not initiate any new repossession actions associated with vehicles, RVs, or marine craft financed by Huntington and have enacted reduced requirements for customers who want to redeem their already repossessed vehicle to one (1) payment plus repossession fee. This suspension of repossession actions will take place through the end of March 2020 and we will continue to evaluate whether to extend this program.
Suspension of Foreclosure Program – Beginning March 17, 2020, Huntington will suspend initiating any new foreclosure actions, specific to residential properties unless required by federal or government agencies. This suspension of foreclosure actions will take place through the end of March 2020 and we will continue to evaluate whether to extend this program. Small Business Loan Payment Deferral Program – In an effort to look out for our small business customers, Huntington is offering up to 90 days of payment deferral on all small business loans for those experiencing financial hardship due to COVID-19. Please note that interest will continue to accrue during the payment deferral period. Please contact your business banker or Business Customer Service at (800) 480-2001 Monday through Friday 7:30 a.m. to 7:00 p.m. and Saturdays 8:00 a.m. to 5:00 p.m. ET.