§120.1051. Frequency of reviews and examinations.
13 C.F.R. § 120.1051
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:
Results of monitoring, including an SBA Lender's or Intermediary's Risk Rating;
SBA loan portfolio size;
Previous review or examination findings;
Responsiveness in correcting deficiencies noted in prior reviews or examinations; and
Such other risk-related information as SBA, in its discretion, determines to be appropriate.
Notes, amendments, and revision history
Amendments
[73 FR 75519, Dec. 11, 2008, as amended at 82 FR 39504, Aug. 21, 2017; 85 FR 14781, Mar. 16, 2020]
Source
Source: 72 FR 25194, May 4, 2007, unless otherwise noted.
Authority
Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.
Source
Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.
Amendments
[73 FR 75519, Dec. 11, 2008, as amended at 82 FR 39504, Aug. 21, 2017; 85 FR 14781, Mar. 16, 2020]