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SBA RIN: 3245-AE14 Publication ID: Spring 2009 
Title: Lender Oversight Program 
Abstract: This rule implements the Small Business Administration's (SBA) statutory authority under the Small Business Reauthorization and Manufacturing Assistance Act of 2004 (Reauthorization Act) to regulate Small Business Lending Companies (SBLCs) and non-federally regulated lenders (NFRLs). It also would conform SBA rules to various changes in the section 7(a) Business Loan Program and the Certified Development Company (CDC) Program. In particular, this rule (1) Defines SBLCs and NFRLs; (2) clarifies SBA's authority to regulate SBLCs and NFRLs; (3) authorizes SBA to set certain minimum capital standards for SBLCs, to issue cease and desist orders, and revoke or suspend lending authority of SBLCs and NFRLs; (4) establishes the Bureau of Premier Certified Lender Program Oversight in the Office of Credit Risk management; (5) transfers existing SBA enforcement authority over CDCs from the Office of Financial Assistance to the appropriate official in the Office of Capital Access; and (6) defines SBA's oversight and enforcement authorities relative to all SBA lenders participating in the 7(a) and CDC programs and intermediaries in the Microloan program. 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 120   
Legal Authority: 15 USC 634(b)(6),(b)(7),(b)(14),(h), and note    687(f),697(e)(c)(8), and 650.   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/31/2007  72 FR 61752   
NPRM Comment Period Extended  12/20/2007  72 FR 72264   
NPRM Comment Period End  02/29/2008    
Interim Final Rule  12/11/2008  73 FR 75498   
Interim Final Rule Comment Period End  03/11/2009    
Interim Final Rule Effective  01/12/2009    
Final Action  12/00/2009    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: Yes 
Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: Yes 
Agency Contact:
Bryan Hooper
Director, Office of Credit Risk Management
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-3049
Fax:202 205-6831
Email: bryan.hooper@sba.gov