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#2247523 - 01/12/21 06:40 PM PPP Loans
terpsfan Offline
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Joined: Feb 2007
Posts: 2,058
For those participating in PPP loans are you required to perform a CAIVRS or SAM search when originating a PPP loan?

Thanks,

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Lending Compliance
#2247648 - 01/13/21 11:45 PM Re: PPP Loans terpsfan
bcompliance Offline
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Joined: Sep 2014
Posts: 1,294
Along those lines, do you know if just the bank is required to register with SAM or are all individuals submitting the loans/touching the loan on the bank end have to register? I am thinking just the bank...
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#2247652 - 01/14/21 12:06 PM Re: PPP Loans terpsfan
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
The "lender" has to register. A loan officer or employee is not a lender.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2247740 - 01/15/21 04:58 PM Re: PPP Loans terpsfan
bcompliance Offline
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Joined: Sep 2014
Posts: 1,294
thank you Randy, as always your wisdom is appreciated.
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