@Jaquetta Turner thank you and that is why I turned to the BP committee.

---September 28 - October 1st, 2020More information and registration links here: SECO ConferenceDisclosure: I am on the planning committee for the conference and receive no compensation.

The global economic committees that oversee all of this has also imposed fallback provisions that will cover older loans that didn't have specific verbiage too. 

As a result of the property sitting stagnate for 5+ months our investment committee decided it was time to shift our strategy to holding the property as a rental.

These groups are desperate for volunteers, committee chairs and board members.

Dont forget that you also get to report your financials to them every year and the loans are callable (at the mercy of some committee) every 5 years, not just adjustable.That said, I've had plenty of commercial loans on commercial property. 

That type of loan should have been sent to the credit committee or the loan scenario desk for an approval prior to processing. 

And HOAs are usually formally structured to have a President, VP, secretary and may also have committees

I live in Okla and was about to jump into this arena when I came upon the fact that it was in committee in February.

At the Fed’s July 28-29 meeting, according to the Fed’s Open Market Committee’s minutes, staff economists presented a forecast that was based upon the erroneous assumption of further government support (shared by Fed officials), who believed that “with some provisions of the Cares Act set to expire shortly against the backdrop of a still-weak labor market, additional fiscal aid would likely be important for supporting vulnerable families, and thus the economy more broadly, in the period ahead.”