ROM 11-07- Origination and Closing Deficiencies Identified in 7(a) Recovery Act Loan Approvals
… and Closing Deficiencies Identified in 7(a) Recovery Act Loan Approvals On September 30, 2011, the OIG issued the … reviewed, which resulted in inappropriate or unsupported loan approvals of approximately $14.2 million. The documentation in the loan files was inadequate to ensure the loans were made to …