While we were patiently waiting for a new Section 1071 proposal, members of our 1071 Thought Leadership, Implementation & Planning Membership Group were still learning valuable lending compliance information each month. In September, we discussed withdrawn applications and that your lenders are aware they cannot withdraw an application.
Jerod explains more in the video:
In case you missed it, we did finally get a new Section 1071 proposal on November 13th. This was discussed during the November 1071 Membership Group and our “Small Business Lending Data Collection Proposal” webinar is available now OnDemand.
Published
2025/12/05