Viewing an earlier, undated versionView current - (a) General. SBA may conduct off-site reviews and monitoring of ILP Intermediaries, including ILP Intermediaries' self-assessments. SBA may also perform on-site reviews of ILP Intermediaries as needed, as determined by SBA in its discretion.
- (b) Corrective actions. SBA may require an ILP Intermediary to take corrective actions to address findings from on-site or off-site reviews. Failure to take required corrective actions may constitute an event of default, as described in § 109.520(c).
- (c) Confidentiality of reports. On-site and off-site review reports and other SBA prepared review related documents are subject to the confidentiality requirements of § 120.1060.