13 CFR 120.1713
§ 120.1713 Seller's Pool Loan origination.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.1713, § 120.1713 Seller's Pool Loan origination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52317
- Permanent ID
ys:prov:52317@1- SHA-256
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.