13 CFR 123.16
§ 123.16 How are loans administered and serviced?
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 123.16, § 123.16 How are loans administered and serviced?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52429
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Full text
(a) If you obtained your disaster loan from a participating lender, that lender is responsible for closing and servicing your loan. If you obtained your loan directly from SBA, your loan will be closed and serviced by SBA. The SBA rules on servicing are found in Subpart H of this part and part 120 of this chapter.
(b) If you are unable to pay your SBA loan installments in a timely manner for reasons substantially beyond your control, you may request that SBA suspend your loan payments, extend your maturity, or both.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.