13 CFR 120.1714
§ 120.1714 Seller's Pool Loan servicing.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.1714, § 120.1714 Seller's Pool Loan servicing, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52318
- Permanent ID
ys:prov:52318@1- SHA-256
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.