The Small Business Lending Fraud Prevention Act mandates conflict of interest certifications for Small Business Administration employees involved in.
The Small Business Lending Fraud Prevention Act requires employees of the Small Business Administration who participate in loan origination, review, or approval to certify they have no prohibited conflicts of interest. Employees must also disclose any conflicts discovered after certification and recuse themselves from the loan process. The Administrator of the Small Business Administration must issue implementing regulations within 180 days of the act's enactment.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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