federal_register: 2020-04663

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2020-04663 Implementation of the Small Business 7(a) Lending Oversight Reform Act of 2018 Rule The Small Business Administration ("SBA" or "Agency") is amending its business loan program regulations to implement the Small Business 7(a) Lending Oversight Reform Act of 2018 ("Act") and make other amendments that will strengthen SBA's lender oversight and ensure the integrity of the business loan programs. The key amendments in this rule codify SBA's informal enforcement actions, new civil monetary penalties and certain appeal rights for 7(a) Lenders, clarify certain enforcement actions for Microloan Intermediaries, and adopt statutory changes to the credit elsewhere test. The rule also makes other technical amendments, updates, and conforming changes including clarifying oversight and enforcement related definitions. 2020-03-16 2020 3 https://www.federalregister.gov/documents/2020/03/16/2020-04663/implementation-of-the-small-business-7a-lending-oversight-reform-act-of-2018 https://www.govinfo.gov/content/pkg/FR-2020-03-16/pdf/2020-04663.pdf Small Business Administration 468 The Small Business Administration ("SBA" or "Agency") is amending its business loan program regulations to implement the Small Business 7(a) Lending Oversight Reform Act of 2018 ("Act") and make other amendments that will strengthen SBA's lender... 3245-AH05

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