Louisiana Flood Victims act now and tell Governor Edwards to update the SBA DOB rules
Published March 13 2018 updated March 21 2019 1 min. 28 seconds read
HR 1892 passed. Duplication of Benefits for Louisiana flood victims that were credit worthy of an SBA loan but declined the loan. Restore LA managed by IEM Inc calculates flood victims DOB to include the SBA loan when homeowners declined the loan.
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We need to act now and email Governor Edwards about updating the Policies and Procedures of Restore.LA.Gov which is managed by IEM, Inc.
Even if you were declined because you accepted your SBA loan we need to have everyone send this message to help those 2,000+ others that declined.
Send the message using the Governor's contact form at this address: http://gov.louisiana.gov/index.cfm/form/home/4
Complete the form fields on the page linked above.
1. Your Name
2. Your Email
3. Your Parish of Residence
4. Share Your Opinion About an Issue (Click Other)
5. Get Help with a Problem (Click Other)
6. Your Comment (Copy and Paste the message below)
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We would like to know when Restore.LA.Gov FAQ will be updated to reflect H.R. 1892 which was signed into law 2-8-2018 by President Trump.
The SBA loans that were approved but declined are no longer considered duplication of benefits by federal law.
115th Congress House Bill 1892 Text
Provided further, That with respect to any such duplication of benefits, the Secretary and any grantee under this section shall not take into consideration or reduce the amount provided to any applicant for assistance from the grantee where such applicant applied for and was approved, but declined assistance related to such major declared disasters that occurred in 2014, 2015, 2016, and 2017 from the Small Business Administration under section 7(b) of the Small Business Act (15 U.S.C. 636(b))
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7. Click the box "I'm not a robot" (Answer the Picture question)
8. Click the Submit button.
You spend countless hours researching disaster recovery for the citizens of your state. You research your state leadership and it's workforce on all matters associated with disaster recovery. You make it your concern to help others by providing much needed information. You take all disaster recovery issues facing homeowners today and make them your Matters Under Review. If this sounds like you, visit Matters Under Review (MUR) for more information.