What Responsibility and Authority do SBA Lenders Have in Servicing and Liquidating Loans?
Jimerson Firm
NOVEMBER 2, 2020
Lenders are responsible for servicing and liquidating all of the 7(a) loans in their portfolio. CDC’s are responsible for servicing 504 loans in their portfolio, but they will only be responsible for liquidating the loan based on its designation. Performance Standards. 120.535(a). 120.535(a). 120.535(b). 120.535(b).
Let's personalize your content