OVERSIGHT OF SBA SUPERVISED LENDERS

Report Number: 8-12

Date Issued: May 9, 2008

To: Eric Zarnikow, Associate Administrator for Capital Access

Bryan Hooper, Director Office of Credit Risk Management

Grady Hedgespeth, Director Office of Financial Assistance

/s/ Original Signed

From: Debra S. Ritt, Assistant Inspector General for Auditing

Subject: Oversight of SBA Supervised Lenders, Report No. 8-12

This is the second report resulting from our audit of the Small Business Administration's (SBA) oversight of non-depository lenders that do nto recieve oversight from other Federal regulatory agencies.

To read the full report, please see the attached document.