13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.1716

Required SBA approval of servicing actions.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 120.1716 — Required SBA approval of servicing actions.

§ 120.1716 Required SBA approval of servicing actions. Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan: (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); (b) Accelerate the maturity; (c) Sue; or (d) Waive or release any claim. Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-A3FAF1
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.1716
Corpus
CFR — Code of Federal Regulations
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PRIMARY-SOURCE
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✓ TRUE
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The regulatory text of 13 C.F.R. § 120.1716 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 13 13 C.F.R. § 120.1716