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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 |
§ 120.1714 - Seller's Pool Loan servicing.
Latest version.
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§ 120.1714 Seller's Pool Loan servicing.
Subject to § 120.1718 of this subpart J, the Seller must service Seller's Pool Loan in a commercially reasonable manner, consistent with prudent lending standards, and in accordance with applicable Program Rules and Regulations. The Seller receives the Servicing Retention Amount for servicing the Seller's Pool Loan.