(a) General. SBA may conduct reviews and monitoring of ILP Intermediaries, including ILP Intermediaries' self-assessments. SBA may also perform reviews of ILP Intermediaries as needed, as determined by SBA in its discretion.

(b) Corrective actions. SBA may require an ILP Intermediary to take corrective actions to address findings from reviews. Failure to take required corrective actions may constitute an event of default, as described in §109.520(c).

(c) Confidentiality of reports. Review reports and other SBA prepared review related documents are subject to the confidentiality requirements of §120.1060.

[82 FR 39501, Aug. 21, 2017]