Report 12-14: The Small Business Administration Did Not Maximize Recovery for $171.1. Million in Delinquent Disaster Loans in Liquidation
… (NDLRC). Specifically, this memorandum addresses the SBA's non-compliance with the Debt Collection Improvement Act … the NDLRC should have charged off the loans so that the SBA could transfer them to Treasury to initiate collection … the delinquent borrowers. The OIG recommended that the SBA immediately charge off all disaster loans in liquidation …