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SBA - 24-20 - 6

Open · 2024-07-09

From report

Report
SBA’s Guaranty Purchases for Paycheck Protection Program Loans
OIG report number
24-20
Recommendation number
6

Recommendation text

Conduct lender reviews to ensure lenders complied with their communication, servicing, and debt collection activity requirements. If not, require the lender to bring the loan into compliance or seek recovery of the guaranty paid by SBA as appropriate.