Federal Register - "Disaster Assistance Loan Program; Disaster Loan Credit and Collateral Requirements"
EPA disasters - Knowledge Mosaic RSS 2016-10-08
Summary:
Title: Disaster Assistance Loan Program; Disaster Loan Credit and Collateral Requirements Source: Federal Register Data/Action: Small Business Administration (Final Rule) Date: 9/15/2016 Text Preview: ...Disaster Assistance Loan Program; Disaster Loan Credit and
Collateral Requirements
AGENCY: U.S. Small Business Administration.
ACTION: Final rule.
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SUMMARY: On April 25, 2014, the Small Business Administration (SBA)
published in the Federal Register an interim final rule amending its
disaster loan program regulations in response to Hurricane Sandy
Rebuilding Task Force recommendations. The first change allowed SBA to
rely on the disaster... ...disaster assistance funds that can be
immediately disbursed to borrowers by raising the unsecured threshold
for economic injury loans for all disasters and for physical damage
loans for major disasters. SBA received no comments on its interim
final rule; therefore, SBA adopts the interim final rule without
change.
DATES: This final rule is effective September 15, 2016.
FOR FURTHER INFORMATION CONTACT: Eric Wall, Office of Disaster
Assistance, 409 3rd St. SW., Washington, DC 20416, (202) 205-6739.
SUPPLEMENTARY INFORMATION:
I. Background
The Hurricane... ...13632,
Establishing the Hurricane Sandy Task Force (December 7, 2012). This
Task Force was established to ensure the recovery effort benefitted
from cabinet-level...