July 23, 2020
Is the initial date of February 15, 2020 for FTE measuring the only start date that can be used, or can a later date be used?
Posted by Armanino Financial Advisory Team
For measuring your FTEs, you use your Covered Period which begins on the date your loan funded. For purposes of determining if you qualify for Safe Harbor from the FTE Reduction Factor, the baseline date is February 15, 2020 and that is not optional.