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News & Press: Legislative Issues

U.S. Treasury and SBA Issues PPP Loan Procedures if Forgiveness Denied

Wednesday, August 12, 2020   (0 Comments)
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On August 11, 2020; the interim rules were issued for how a borrower can appeal a denial of forgiveness by the SBA(Small Business Administration), to the SBA Office of Hearings and Appeals. The SBA is requesting public comment. The rules were already in place on how a borrower can appeal to the SBA, if their lender denied forgiveness. Now, we know the interim procedures to appeal from an actual SBA denial.  

CALPASC members can review the new document by clicking here

Any questions please contact CALPASC Director of Risk Management Bruce Wick, at 760-535-9623, or bwick@calpasc.org.

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