Louisiana Flood Victims act now and tell Governor Edwards to update the SBA DOB rules
- By: Writers_Pool (Contributor)
- 118 views
- Location: LA
- DR Date: 9/13/2016
- Published: 3-13-2018
- Updated: 3-13-2018
- Disaster: Floods and flash floods
- Dept.: MUR
- Mur index
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.
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.
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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