GroundRules
13 CFR 120.1715: Seller's Pool Loan liquidation.
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
Subject to § 120.1718 of this subpart J, the Seller must liquidate and conduct debt collection litigation for Seller's Pool Loan in a prompt, cost-effective and commercially reasonable manner, consistent with prudent lending standards, in accordance with applicable Program Rules and Regulations, and with SBA approval of a liquidation plan and any litigation plan, and any amendment of either such a plan, if applicable.
Collected 2026-08-27T02:24:18Z. Source file · JSON