We didn’t see anything in state law (Ohio) regarding refunds. Based on SBA rules we decided to set a minimum to refund of $10.00. Another big issue we faced was how to refund when six borrowers are involved. First, our check writing platform didn’t have nearly enough characters to make a check payable to all parties. We contemplated issuing the refund to the same account that the funds came from, but it was a wire from the title company. We ended up issuing six checks for 1/6 of the $11.80. Big waste of resources. We’ll probably have at least one in the group who doesn’t cash the check either, and we will waste more resources handling an outstanding check.