C/A Summary of SBA Procedural Notice: Resubmissions of Loan Forgiveness Applications, Lender Notice Responsibilities, and Offset of Remittances:

Updated 01/20/2021

The following is a summary of the SBA Procedural Notice CONTROL NO.: 5000-20077 informing lenders of:

  1. the process for borrower resubmission of loan forgiveness applications using PPP Loan Forgiveness Application Form 3508S (SBA Form 3508S);
  2. lender responsibilities to notify borrowers of

    (a) lender decisions to deny forgiveness in full,

    (b) SBA loan review decisions and borrower appeal rights to SBAโ€™s Office of Hearings and Appeals (OHA), and

    (c) SBA remittance of loan forgiveness payments; and

  3. lender responsibilities in the event of offset of PPP remittances to lenders by the Treasury Offset Program (TOP).

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