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Code · CFR · Title 13 — Business Credit and Assistance · Part 120 — Business Loans · § 120.1714

§ 120.1714. Seller's Pool Loan servicing.

47 words·~1 min read·/us/cfr/t13/s§ 120.1714·

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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.
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