§ 120.1713. Seller's Pool Loan origination.
51 words·~1 min read·
/us/cfr/t13/s§ 120.1713·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.