13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 123.16

How are loans administered and serviced?

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Regulatory Text

13 C.F.R. § 123.16 — How are loans administered and serviced?

§ 123.16 How are loans administered and serviced? (a) If you obtained your disaster loan from a participating lender, that lender is responsible for closing and servicing your loan. If you obtained your loan directly from SBA, your loan will be closed and serviced by SBA. The SBA rules on servicing are found in Subpart H of this part and part 120 of this chapter. (b) If you are unable to pay your SBA loan installments in a timely manner for reasons substantially beyond your control, you may request that SBA suspend your loan payments, extend your maturity, or both. [61 FR 3304, Jan. 31, 1996, as amended at 75 FR 60598, Oct. 1, 2010]

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13 C.F.R. § 123.16
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The regulatory text of 13 C.F.R. § 123.16 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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