§ 120.1540 - Types of enforcement actions—Intermediaries participating in the Microloan Program and NTAPs.

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Upon a determination that any ground set out in § 120.1425 exists, the SBA may take in its discretion, one or more of the following enforcement actions against an Intermediary or NTAP:

Suspension or pre-revocation sanctions which may include, but are not limited to:

Accelerated reporting requirements;

Accelerated loan repayment requirements for outstanding program debt to SBA, as applicable;

Imposition of a temporary lending moratorium, as applicable; or

Imposition of a temporary training moratorium.

Revocation of authority to participate in the Microloan program which will include:

Removal from the program;

Liquidation of Intermediary's Microloan Revolving Fund and Loan Loss Reserve Fund accounts by SBA, and application of the liquidated funds to any outstanding balance owed to SBA;

Payment of outstanding debt to SBA by the Intermediary;

Forfeiture or repayment of any unused grant funds by the Intermediary or NTAP;

Debarment of the organization from receipt of federal funds until loan and grant repayments are met; or

Taking such other actions available under law.

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§ 120.1511 - Certification and other reporting and notification requirements for Other Regulated SBLCs.

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§ 120.1600 - General procedures for enforcement actions against SBA Lenders, SBA Supervised Lenders, Other Regulated SBLCs, Management Officials, Other Persons, Intermediaries, and NTAPs.