Code · BILL · 117th Congress · H.R. 7628 (Introduced in House) — To increase oversight of and improve programs of the Small Business Administration, and for other purposes. · Sec. 204

Sec. 204. High risk loan review

92 words·~1 min read·/bill/117/hr/7628/ih/section-204

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Section 47(c)(2) of the Small Business Act ( 15 U.S.C. 657t(c)(2) ) is amended— by striking shall be responsible and inserting the following: shall— be responsible ; by striking participants. and inserting participants; and ; by adding at the end the following new subparagraph: establish a separate process for the oversight of such lenders and participants with respect to a loan made in an amount greater than or equal to $500,000 for which the borrower of such loan defaulted within the first 18 months after the initial disbursement of such loan. .

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U.S. Code

Office of Credit Risk Management
§ 657t

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Sec. 204

High risk loan review

U.S.C.§ 657t

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