2 Changes to Know About in 2022 Updated EFAs and Premiums
Inspired by TastesBetterFromScratch.com DIY HOLIDAY EGGNOG
INGREDIENTS
• 6 egg yolks • 1/2 cup sugar • 1 cup heavy whipping cream • 2 cups milk
• 1/2 tsp nutmeg • 1 pinch salt • 1/4 tsp vanilla extract • Cinnamon and whipped cream, for garnish
As we finish 2021 and look to start 2022, we are excited to announce a few changes to our forms and operations at CHB. Each of these changes has been made with our clients in mind and with the understanding that while transition periods can be challenging, they are often worth the effort. Note: If you have questions about any of the following changes, please give our team a call today! Updated Rate Offers One of the biggest changes in 2022 comes by way of an Equipment Finance Agreement (EFA). The new EFA, which will continue to be provided electronically to both brokers and applicants, will incorporate the Buy-Sell Rate method and increase lending transparency. In the past, there was limited flexibility with our interest rates, but with the new year, brokers will be able to negotiate with their clients terms for more satisfactory results. Similarly, a new Terms Sheets will be introduced in January to accommodate the Buy-Sell method.
DIRECTIONS
1. In a medium bowl, whisk the egg yolks and sugar until light and creamy. Set aside. 2. In a saucepan over medium heat, stir together the cream, milk, nutmeg, and salt. Bring to a simmer. 3. Add a spoonful of the milk mixture to the egg mixture. Whisk vigorously and repeat, one spoonful at a time. 4. When most of the milk is whisked in, add the egg mixture to the saucepan. 5. Whisk until the liquid thickens slightly or reaches 160 F. Remove from heat and add vanilla extract. 6. Pour the eggnog into a glass container and cover. Refrigerate. 7. When the eggnog has thickened, pour it into glasses, garnish, and enjoy!
Take a Break
Changes to Early Pay-off To remain competitive and continue with industry standards, CHB is updating our early payoff premiums for those who pay off their accounts early. Effective January 2022, we’re implementing graduated rates of 5%, 4%, and 3% in 12-month increments during the first three years of an active account or loan. This prepayment practice is very common within the equipment financing world. During this key transition, our goal is to be as transparent and communicative with you as possible. If you have any questions, or would like to learn more about how to best utilize this knowledge to coordinate with your applicants, please contact our team today. We’re happy to help you!
CANDLES CELEBRATION JINGLE JOLLY
MISTLETOE ORNAMENT PRESENT SANTA
SLEIGH STOCKING WASSAIL WREATH
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307-322-2545
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