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… Office of Inspector General (OIG) Referrals For the Preferred Surety program, please see SOP 50 49. For claims … SOP 50 46 Claims and Recovery Program SOP SOP 50 49 Preferred Surety Bond Program Remove download button Off … …
… of our loan portfolio, including certain time-sensitive lender reviews. When agency funding was restored, our loan … on various pieces of legislation. Among those was the lender oversight bill that Senator Risch, Senator Shaheen, …
… noted an issue related to internal controls regarding the Preferred Surety Bond (PSB) bid bonds. Specifically, one … for this review. The surety bid bond was approved by a preferred surety company on July 7, 2009, through the Surety … The IPA recommended that the SBA 1 ) Continue to monitor preferred sureties to ensure it maintains all required …
… check was left to self-reporting from the borrower and a lender review. SBA’s fraud check uses best-in-class … verify information provided by the borrower and lender. When a mismatch is identified, it must be cleared … and make their own lending decision, which will vary by lender as it currently does. The SBA programs at issue are …