Section 505.19 - Approval or denial of loan forgiveness(a)Approval of loan forgiveness. If CMS determines that a qualifying hospital has met the conditions, plan criteria, and reporting requirements for loan forgiveness specified in §§ 505.13 , 505.15 , and 505.17 , CMS will send a written notification of approval for loan forgiveness to the qualifying hospital by the earlier of-(1) 30 days from the date of receipt of the annual report that shows the qualifying hospital has satisfied the requirements for loan forgiveness; or(2) 90 days before the end of the loan deferment period defined in § 505.7(b) .(b)Denial of loan forgiveness. If CMS determines that a qualifying hospital has not met the conditions, plan criteria, or reporting requirements for loan forgiveness specified in § 505.13 , § 505.15 , or § 505.17 of this part, CMS will send a written notification of denial of loan forgiveness to the qualifying hospital at least 30 days before the end of the loan deferment period defined in § 505.7(b) .