SBA - 21-03 - 1

Closed · 2020-12-01

From report

Report: Evaluation of the CARES Act Debt Relief to 7(a) Borrowers
OIG report number: 21-03
Recommendation number: 1

Recommendation text

Incorporate procedures to verify the accuracy and reasonableness of the loan status, principal, interest, and any fees of loans before approving subsidy payments.