Last month, several sizable changes came out of Washington, DC, that will impact the moving industry, including an amendment to the Federal Motor Carrier Safety Administration (FMCSA), as well as two updates to small business loan programs.
See below to learn about what these changes are and what they mean for movers.
An amendment for the Household Goods Working Group of the FMCSA was submitted in the House of Representatives to create several consumer protections.
First, the HHG Working Group requires movers to link to or feature a copy of their “Ready to Move Tips for a Successful Interstate Move” on their websites as well as provide a copy (or electronic copy) of “Your Rights and Responsibilities When You Move” document when giving a potential customer an estimate.
The amendment also requires movers to offer virtual surveys of the household goods to be shipped. It also closed a loophole that rogue movers would exploit by vastly inflating charges for moving items not covered in the estimate.
Economic Injury and Disaster Loan
The Small Business Administration has reopened its loan program to businesses that have been impacted by the Coronavirus crisis.
Main Street Lending Program
Companies that are not eligible for The Small Business Administration’s EIDL can apply for loans from the Main Street Lending Program.
Knowing your rights as a customer is essential for protecting your belongings and financial security. For more information on the HHG amendment, you can view it here.