TITLE

Actions Needed to Improve the Usefulness of the Agency's Lender Risk Rating System

PUB. DATE
December 2009
SOURCE
GAO Reports;12/7/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article presents a report prepared by the Government Accountability Office (GAO) of U.S. to improve the usefulness of the lender risk rating system of the U.S. Small Business Administration (SBA). As stated, the system's usefulness was limited because the contractor did not follow common industry standards while validating the system. Unlike the U.S. Board of Governors of the Federal Reserve System, SBA targets for review the lenders with the largest SBA-guaranteed loan portfolios.
ACCESSION #
48638214

 

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