The Small Business Lending Fraud Prevention Act requires Small Business Administration employees to certify they have no conflicts of interest before.
The Small Business Lending Fraud Prevention Act mandates that Small Business Administration employees who will participate in the origination, review, or approval of loans must certify they have no conflicts of interest. This certification must be submitted in writing to the Administrator before the employee participates in the loan process. The act also requires employees to disclose any conflicts of interest they learn of after submitting the certification and to recuse themselves from the loan process.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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