GroundRules
13 CFR 120.1713: Seller's Pool Loan origination.
Where this section sits in the code
- Title 13—Business Credit and Assistance
- CHAPTER I—SMALL BUSINESS ADMINISTRATION
- PART 120—BUSINESS LOANS
- Subpart J—Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools
SBA is entitled to recover from the Seller losses incurred by SBA on its guarantee of a Pool if such losses resulted because Seller's Pool Loan was not made and closed in a commercially reasonable manner, consistent with prudent lending standards, and in accordance with any applicable Program Rules and Regulations.
Collected 2026-08-27T02:24:18Z. Source file · JSON