Eric M. Thorson, Inspector General U.S. Small Business Administration Before the Committee On Homeland Security, Subcommitee On Management, Integration and Oversight, United States House of Representatives July 13, 2006
… that SBA uses to determine lender compliance with Agency regulations and requirements. If it is determined that the lender did not comply materially with SBA’s regulations, SBA can negotiate a settlement of the guaranty … lender requests for purchase of the guaranties under SBA regulations; and (4) review guaranties the Agency has already …