7(a) Loan Agent Oversight Act

Summary

Official

7(a) Loan Agent Oversight Act This bill requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. Under the 7(a) Program, the SBA provides loans and loan guarantees to small business...

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Bill Progress

Passed House, sent to Senate

Introduced(3/3/25)

Committee

Passed House

Passed Senate

President

Law