SBA Interim Final Rule: Extended Record Keeping for PPP Lenders

Explore the intricacies of the SBA’s interim final rule mandating a ten-year retention period for Paycheck Protection Program (PPP) loan records. This rule ensures that lenders maintain comprehensive documentation in alignment with the extended statute of limitations for PPP fraud investigations. Stay compliant, avoid penalties, and support law enforcement efforts through meticulous record-keeping.

In this course you will learn the following:
* Understand the key requirements of the extended records retention rule for PPP lenders.
* Identify the implications of the rule for federally regulated and SBA Supervised Lenders.
* Recognize the consequences of non-compliance with the new records retention requirements.