PPP #. Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks A Rule by the Federal Reserve System on 04 22 2020 The interim final rule also stated that SBA lending restrictions would continue to apply to officers and key employees of a PPP lender, and that "[f]avoritism by [a PPP] [l]ender in processing time or prioritization of [a] director's or equity holder's PPP application is prohibited. " [13] Reference Resource Loans to Executive Officers Comment Date This document has a comment period that ends in 47 days. (06 08 2020) . To submit your comment on this topic here
