Premier Certified Lenders Program Improvement Act of 2002

Summary

Premier Certified Lenders Program Improvement Act of 2002 - Amends the Small Business Investment Act of 1958 to make loss reserve requirements of lenders under the premier certified lenders (PCL) program inapplicable to PCLs that ensure that the amount of their loss reserve is: (1) not less than $25,000; and (2) sufficient, as determined by a third-party auditor, to protect the Government from the risk of loss associated with the PCL's portfolio of loans. Designates such PCLs as qualified high loss reserve PCLs. Provides related loss reserve requirements.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 July 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 24 July 2002

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• Introduced in House

  summary · EN · 24 July 2002

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