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Delegations of Authority: Delegation of Authority No. 12-G (Revision 1), Amendment 1

This document provides the public notice of an amendment to Delegation of Authority No. 12-G (Revision 1) (79 FR 56842, September 23, 2014) (the ``Delegation''), which delegated...

This document provides the public notice of an amendment to Delegation of Authority No. 12-G (Revision 1) (79 FR 56842, September 23, 2014) (the ``Delegation''), which delegated authority for lender oversight and enforcement activities by the Administrator of the Small Business Administration (``SBA'') to the Director, Office of Credit Risk Management (``D/OCRM''), the Lender Oversight Committee (``LOC''), and the Associate Administrator for Capital Access (``AA/CA''). By this amendment (this ``Amendment''), the Administrator is delegating additional lender oversight authority to the D/OCRM and revising the membership of the LOC consistent with new requirements in The Small Business 7(a) Lending Oversight Reform Act of 2018 (June 21, 2018). This Amendment to the Delegation includes the authority of the D/OCRM to participate in the review and approval of initial applications by 7(a) Lenders and Certified Development Companies (``CDCs'') for delegated lending authorities. This Amendment also provides that the D/ OCRM consult with the Director, Office of Financial Assistance (``D/ FA'') on Community Advantage Pilot Program (``Community Advantage'') authority. Finally, this Amendment implements the new statutory provisions revising LOC membership and voting authority.

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83 FR 48681

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“Delegations of Authority: Delegation of Authority No. 12-G (Revision 1), Amendment 1,” thefederalregister.org (September 26, 2018), https://thefederalregister.org/documents/2018-20865/delegations-of-authority-delegation-of-authority-no-12-g-revision-1-amendment-1.