SBA - 24-20 - 7

Open · 2024-07-09

From report

Report: SBA’s Guaranty Purchases for Paycheck Protection Program Loans
OIG report number: 24-20
Recommendation number: 7

Recommendation text

Require lenders to submit evidence of communication, servicing, and debt collection activities with the borrower prior to guaranty purchase for PPP and future similar programs to foster and maintain program integrity.