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#2254644 - 05/28/21 05:38 PM PPP loan borrower deceased
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 327
The bank made a PPP loan to a borrower who has recently died and there is no co-borrower. Has anyone had this happen?

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Lending Compliance
#2254648 - 05/28/21 06:14 PM Re: PPP loan borrower deceased Patricia
Tater Offline
Platinum Poster
Joined: Jan 2006
Posts: 617
Yes. Guidance from SBA has been spotty. Our local office directed us to rely on the heirs to complete the forgiveness application/process. However we have not successfully received forgiveness at this time.
Born once? Die twice.
Born twice? DIE ONCE!

Loan Review, HMDA, ALLL

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