ROM 11-07- Origination and Closing Deficiencies Identified in 7(a) Recovery Act Loan Approvals
… from our ongoing audit of purchased 7(a) Recovery Act loans. Report 11-07 On September 30, 2011, the OIG issued the … from our ongoing audit of purchased 7(a) Recovery Act loans. This report identifies documentation deficiencies … in twenty-four, or 40 percent, of a sample of sixty 7(a) loans reviewed, which resulted in inappropriate or …