Sec. 207. Office of Credit Risk Management
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Section 47 of the Small Business Act ( 15 U.S.C. 657t ) is amended— in subsection (c)— in paragraph (1), by inserting before the period at the end the following: with a demonstrated career in or outstanding qualifications or expertise related to finance and financial risk management. The Director shall report directly to the Administrator ; and by adding at the end the following: The Administrator shall fix the compensation of the Director— as necessary to carry out the duties of the Office; and in an amount that is not less than the highest rate of basic pay for the Senior Executive Service under section 5382(b) of title 5, United States Code. ; and in subsection (h)(2)— in subparagraph (I), by striking and at the end; in subparagraph (J), by striking the period at the end and inserting a semicolon; and by adding at the end the following: the number of 7(a) lenders that had an early default rate of more than 3 percent; and an analysis of the median and average credit scores of borrowers relating to early default rates, purchase rates, and charge offs. .
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Sec. 207
Office of Credit Risk Management
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