13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.1719

SBA's right to recover from Seller.

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

13 C.F.R. § 120.1719 — SBA's right to recover from Seller.

§ 120.1719 SBA's right to recover from Seller. 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: (a) Seller's improper action or inaction has put SBA at risk; (b) Seller has failed to disclose a material fact to SBA regarding a Seller's Pool Loan in a timely manner; (c) Seller has misrepresented a material fact to SBA regarding Seller's Pool Loan; (d) Seller has failed to comply materially with § 120.1720 of this subpart; (e) SBA has received a written request from Seller to terminate the SBA's guarantee on the Loan Interest in Seller's Pool Loan; (f) Seller has failed to comply materially with Program Rules and Regulations; or (g) Seller has failed to make, close, service or liquidate Seller's Pool Loan in a prudent manner.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-0D218F
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.1719
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PRIMARY-SOURCE
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The regulatory text of 13 C.F.R. § 120.1719 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. § 120.1719