{"data":{"id":"us/13-cfr-120.1716","jurisdiction":"us","citation":"13 CFR 120.1716","heading":"Required SBA approval of servicing actions.","body":"Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan:\n(a) Make or consent to any substantial alteration in the terms (“substantial” includes, but is not limited to, any changes to the principal amount or interest rate);\n(b) Accelerate the maturity;\n(c) Sue; or\n(d) Waive or release any claim. Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"a846ab3d3948af6e16c84eee95cb58bb42b2a2c29a3f43ad18f7a07592567a73","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.1715","next":"us/13-cfr-120.1717"},"notice":"GroundRules: Original legal text. Not legal advice."}