Report 11-17 - Release of Collateral by SBA's Disaster Processing and Disbursement Center Raises Concerns

Date Issued: 
Monday, September 26, 2011
Report Number: 

On September 26, 2011, the OIG issued this advisory memorandum based upon issues identified in our Audit of Release of Collateral by the Disaster Loan Servicing Centers, Report No. 11-15, issued June 3, 2011. During the audit of the servicing centers, we observed questionable collateral release decisions made by the Processing and Disbursement Center (PDC) and later executed by the agency's servicing centers.