SBA’s Use of Hold Codes for Potentially Fraudulent PPP Loans Referred by Lenders
… SBA’s Office of Credit Risk Management (OCRM) established a project for lenders to refer PPP loans suspected of fraud … did not flag all suspicious loans referred by lenders with a hold code 50 or capture all the loans in its summary … providing an opportunity to mitigate improper payment due to fraud. To maximize this opportunity, SBA …