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SBA - 21-03 - 2

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
2

Recommendation text

Establish post-payment audit procedures, using a risk-based approach, to verify the accuracy and completeness of all subsidy payments to lenders and include reviews of payments made to loans that changed from liquidation status to regular servicing status, and remedy improper payments in accordance with the Payment Integrity Act of 2019.