CFO GALLAGHER WILL ASK CABINET TO PROVIDE 60-DAY GRACE PERIOD FOR PREMIUM PAYMENTS, NONRENEWALS
Gallagher also urges banks, credit unions to be flexible with loans and credit
Florida’s Chief Financial Officer Tom Gallagher will ask Governor Jeb Bush and other members of the Florida Cabinet for authorization to give the hardest-hit victims of Hurricane Charley a 60-day grace period for premium payments and non-renewals.
Gallagher will ask to extend these measures through October 15 to storm victims in Brevard, Charlotte, DeSoto, Hardee, Lake, Lee, Orange, Osceola, Polk, Sarasota, Seminole, and Volusia counties, which have been declared as substantially effected counties.
Gallagher already is asking banks and credit unions to consider increasing
credit card limits and credit lines, reducing or eliminating late fees on loans,
granting temporary loan payment extensions, allowing customers to skip a loan or
credit card payment, expediting loan applications, and waiving ATM and
check-cashing fees for storm victims, even if they are not accountholders.
department has also learned that some scammers may be sending emails under the
guise of a financial institution asking for information to ensure the security
of an account, when they actually are looking for information to steal your
identity. Gallagher said consumers should not respond to such emails, and
instead should call their financial institution directly to inquire about their