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Federal regulations · Through 2026-08-25 · Newer source version available

13 CFR 120.1724: Servicing and liquidation expenses.

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Where this section sits in the code
  1. Title 13—Business Credit and Assistance
  2. CHAPTER I—SMALL BUSINESS ADMINISTRATION
  3. PART 120—BUSINESS LOANS
  4. Subpart J—Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools

All ordinary and reasonable expenses of servicing and liquidating Seller's Pool Loan shall be paid by, or be recoverable from, Obligor, and all such ordinary and reasonable expenses incurred by Seller or SBA which are not recoverable from Obligor shall be shared ratably by Seller, SBA, and the Pool Originator pursuant to the applicable percentages set forth in the First Lien Position 504 Loan Pool Guarantee Agreement.

Collected 2026-08-27T02:24:18Z. Source file · JSON

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