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Senate Committee passes 7(a) Real Estate Appraisal Harmonization Act
The Senate Committee on Small Business & Entrepreneurship today unanimously passed S. 3552, the 7(a) Real Estate Appraisal Harmonization Act, out of the Committee.The bill was introduced by Senator Jim Risch (R-ID). It now goes to the full Senate for consideration. S. 3552 contains the exact language as House bill H.R. 6347, which recently passed the full House with unanimous support See our October 3 in-depth update on the bill, including how it helps borrowers and how it moved through the House.]. NAGGL has been at the forefront and will continue to push for swift passage of this common-sense fix by Congress to give relief to the small business borrower!



Annual Conference 
November 13-15 • San Diego, CA

NAGGL's 2018 Annual Conference is officially SOLD OUTAbsolutely NO onsite registrations will be accepted. 

We apologize, but at this time, NAGGL has closed our conference registration wait list. We MUST limit the number of attendees based on the size of the physical space and fire marshal regulations. We can NOT allow any onsite registrations. NAGGL Annual Conferences regularly sell out; registration for this event opens in June each year, so mark your calendars for 2019!

Pre-conference training courses have limited availability. Pre-Conference Training > 


FY18 SBA Top 30 Lenders List > (tab 1 - Loan Volume, tab 2 - Dollars Approved)


SBA Proposed Rule contains substantial proposed changes 


House passes funding legislation to keep government open through December 7

On September 26, Congress passed HR 6157, which funds several federal agencies for FY 2019, and contains a Continuing Resolution to fund the rest of the government through December 7, 2018.


SBA publishes Federal Register notice on Amendment to Delegation of Authority No. 12-G More >


NEW - SBA Form 159 released

Form 159 dated 04-18 >

Notice 5000-18012 >


Federal Register Notice announces changes to the 7(a) Secondary Market

NAGGL article explaining Changes in the Secondary Market >


SBA announces FY 2019 fees in Information Notice 5000-180010 >

NAGGL-created fees chart >


SBA releases Loan Authorization Wizard, 2018 >

2018 7(a) Boilerplate >


SBA publishes version 14 of Servicing & Liquidation Actions 7(a) Lender matrix

This PDF highlights most of the changes >  |  Clean version > 


 

Click here to view Job Bank positions  >


OCTOBER RATES

SBA LIBOR Base Rate = 5.27%
History of SBA LIBOR base rate > 

Prime Rate =5.25%

SBA FIXED Base Rate = 8.38%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.88% [October 1-December 31, 2018]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]


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Calendar

11/12/2018 » 11/15/2018
San Diego - Annual Conference & Pre-Conference Training Courses

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