§ 120.1051. Frequency of reviews and examinations.
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/us/cfr/t13/s§ 120.1051·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
SBA may conduct reviews and examinations of SBA Lenders and Intermediaries on a periodic basis. SBA may consider, but is not limited to, the following factors in determining frequency:
(a)Results of monitoring, including an SBA Lender's or Intermediary's Risk Rating;
(b)SBA loan portfolio size;
(c)Previous review or examination findings;
(d)Responsiveness in correcting deficiencies noted in prior reviews or examinations; and
(e)Such other risk-related information as SBA, in its discretion, determines to be appropriate. \[73 FR 75519, Dec. 11, 2008, as amended at 82 FR 39504, Aug. 21, 2017; 85 FR 14781, Mar. 16, 2020\]