13 CFR 120.1718
§ 120.1718 SBA's right to assume Seller's responsibilities.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.1718, § 120.1718 SBA's right to assume Seller's responsibilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52322
- Permanent ID
ys:prov:52322@1- SHA-256
3f673af68cf07c189b9e5e85771bac2b1063378b0c2e00ea62ed1bfd6b95d946
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
SBA may, in its sole discretion, undertake the servicing, liquidation and/or litigation of Seller's Pool Loan at any time and, in such event, Seller must take any steps necessary to facilitate the assumption by SBA of such responsibilities, which can be transferred by SBA at its discretion to a contractor, agent or other entity, and such steps shall include, among other things, providing or assigning to SBA any documents requested by SBA within 15 calendar days of Seller's receipt of such request. SBA will notify the Obligor of the change in servicing.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.