{"data":{"id":"us/13-cfr-120.1719","jurisdiction":"us","citation":"13 CFR 120.1719","heading":"SBA's right to recover from Seller.","body":"SBA is entitled to recover from Seller any monies paid on SBA's guarantee of a Pool Certificate backed in part by Seller's Pool Loan, plus interest, if SBA in its sole discretion determines that any of the following events has occurred:\n(a) Seller's improper action or inaction has put SBA at risk;\n(b) Seller has failed to disclose a material fact to SBA regarding a Seller's Pool Loan in a timely manner;\n(c) Seller has misrepresented a material fact to SBA regarding Seller's Pool Loan;\n(d) Seller has failed to comply materially with § 120.1720 of this subpart;\n(e) SBA has received a written request from Seller to terminate the SBA's guarantee on the Loan Interest in Seller's Pool Loan;\n(f) Seller has failed to comply materially with Program Rules and Regulations; or\n(g) Seller has failed to make, close, service or liquidate Seller's Pool Loan in a prudent manner.","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":"fa059a4e27e2f7272578a39d52ae5ae36f9e42ec13c7f974c0927003e0ab7a91","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.1718","next":"us/13-cfr-120.1720"},"notice":"GroundRules: Original legal text. Not legal advice."}