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… the liquidation process, the Center reviews and approves lender actions, as necessary. When no further recovery is … the Center also performs a comprehensive review of the lender’s wrap-up report, liquidation plan, and relevant documentation to determine if the lender materially complied with SBA’s liquidation …
… identified as part of our review. We identified material lender non-compliance with SBA’s loan origination and closing requirements. Specifically, the lender neither ensured SBA loan proceeds were used for an … with SBA’s requirements. As a result, a recovery from the lender for SBA’s guarantee payment of $850,791 is appropriate …
… The interactive, online chat session also addresses Lender Match, an SBA online site matching borrower with lenders -- … SBA Business Opportunity Specialist Marisa Fentzel and Lender Relations Specialist Lynn Vozniak. The SBA’s Janet …
… review of five early-defaulted loans identified material lender origination and closing deficiencies that justified … that the Small Business Administration (SBA) require the lender to bring the loan into compliance and, if not … SBA agreed with the recommendation and has contacted the lender to obtain additional information to bring the loan …
… of loans into the secondary market and SBA’s reviews for lender compliance on defaulted loans were generally … provide statutory reports to Congress timely, and SBA’s lender guidance for the secondary market was outdated. Lastly, SBA did not properly determine lender compliance with loan program requirements for one of …
… actions, 30 contained 1 or more data elements that did not match data in contract files, and 12 were incomplete. … the information for anyone of the 18 data elements did not match, we considered the overall contract action to be an …