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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 120 - Business Loans |
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Subpart J - Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools |
§ 120.1713 - Seller's Pool Loan origination.
Latest version.
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§ 120.1713 Seller's Pool Loan origination.
SBA is entitled to recover from the Seller losses incurred by SBA on its guarantee of a Pool if such losses resulted because Seller's Pool Loan was not made and closed in a commercially reasonable manner, consistent with prudent lending standards, and in accordance with any applicable Program Rules and Regulations.