H.R.8199 – 116th Congress (2019-2020): 504 Credit Risk Management Improvement Act of 2020

H.R.8199 – 116th Congress (2019-2020): 504 Credit Risk Management Improvement Act of 2020

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Summary: H.R.8199 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in House (09/11/2020)

504 Credit Risk Management Improvement Act of 2020

The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.

Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee.

About the author: Danny Skelly For US Senate Colorado

Danny Skelly for US Senate in the State of Colorado.
I will legislate using common sense and facts not emotional knee jerk reactions and mob rule at the moment.

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