; and (B) supervise any such review that is not conducted on the premise of the 7(a) lender. (2) Review report timeline Notwithstanding any other requirements of the Office or the Administrator, the Administrator shall develop and implement a review report timeline which shall— (A) require the Administrator to— (i) deliver a written report of the review to the 7(a) lender not later than 60 business days after the date on which the review is conducted; or (ii) if the Administrator expects to submit the report after the end of the 60-day period described in clause (i), notify the 7(a) lender of the expected date of submission of the report and the reason for the delay; and (B) if a response by the 7(a) lender is requested in a report submitted under subparagraph (A), require the 7(a) lender to submit responses to the Administrator not later than 45 business days after the date on which the 7(a) lender receives the report. (e) Enforcement authority against 7(a) lenders (1) Informal enforcement authority The Director may take an informal enforcement action against a 7(a) lender if the Director finds that the 7(a) lender has violated a requirement under section 7(a) or any requirement in a Standard Operating Procedures Manual or Policy Notice related to a program or function of the Office of Capital Access. (2) Formal enforcement authority (A) In general With the approval of the Lender Oversight Committee established under section 48, the Director may take a formal enforcement action against any 7(a) lender if the Director finds that the 7(a) lender has violated— (i) a requirement under section 7(a), including a requirement relating to credit elsewhere, or any regulation implementing such section