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Business Loan Program; Lender Examination and Review Fees

SBA · final-rule · Published 2007-05-04 · Effective 2007-06-04 · 72 FR 25189

Document

Document number
E7-8516
Federal Register citation
72 FR 25189
CFR reference
13 CFR 120
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
2007-05-04
Effective date
2007-06-04

Abstract

This final rule implements a recent amendment to the Small Business Act authorizing the Small Business Administration (SBA) to assess fees to Lenders participating in SBA's 7(a) loan guarantee program (Lenders) to cover the costs of examinations, reviews, and other Lender oversight activities. The rule describes the methodology for fee assessment. Lenders will pay the actual costs to SBA of the on- site examinations and reviews, and will be allocated off-site review/ monitoring costs based on each Lender's proportionate share of loan dollars that SBA has guaranteed in the SBA portfolio. The rule also describes the billing and payment processes.

Source

Authoritative
Federal Register document
Machine
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