ROM 10-11 - Notice of Finding and Recommendation on Ineligible Lender-Approved Recovery Act Loans
… Act Loans ROM-1O-11 The OIG is conducting an audit of 7(a) loans disbursed pursuant to the American Recovery and … any evidence of suspicious activity. This is the third in a series of finding notices related to our ongoing audit and … SBA agreed that one lender did not obtain an independent business valuation as required by the SOP. Given the small …