Text of Recommendation | Review the applicants with approved loans to determine if there are undisbursed funds remaining that should be suspended until the business start date is verified and the applicant is deemed eligible based on the CARES Act eligibility requirements. If the applicant is deemed ineligible, recover any disbursed funds, deobligate any undisbursed funds, and flag the application as ineligible. |
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Recommendation Number | 7 |
Recommendation Status | Closed |
Significant Recommendation | Yes |
Submitting OIG | |
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Linked Report |