To clarify that the use of electronic signatures and records in SBA loan and related financing programs is permitted.
Small Business Loan Simplification Act of 2014 - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to: (1) amend regulations and Standard Operating Procedures (SOPs) to authorize the SBA and participants in specified lending programs to use electronic signatures and records for the programs, and (2) accept such electronic signatures and records associated with SBA management and closing processes.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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