7(a) Loan Agent Oversight Act

Summary

7(a) Loan Agent Oversight Act This bill requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. Under the 7(a) Program, the SBA provides loans and loan guarantees to small business borrowers who cannot obtain credit elsewhere on reasonable terms and conditions. The required report must include (1) the number and type of agents assisting applicants for 7(a) loans, (2) the number of fraudulent loans made for which an applicant used the services of a 7(a) agent, (3) the purchase rate of loans for which an applicant used the services of a 7(a) agent, and (4) the number and aggregate dollar value of referral fees paid to 7(a) agents.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

• Referred in Senate

  Referred in Senate · EN · 4 June 2025

  ViewDownloadOpen at official source

• Engrossed in House

  Engrossed in House · EN · 3 June 2025

  ViewDownloadOpen at official source

• Reported in House

  Reported in House · EN · 24 March 2025

  ViewDownloadOpen at official source

• Introduced in House

  Introduced in House · EN · 3 March 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 March 2025

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.