13 CFR 120.1716 - Required SBA approval of servicing actions.

§ 120.1716 Required SBA approval of servicing actions.
Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan:
(a) Make or consent to any substantial alteration in the terms (“substantial” includes, but is not limited to, any changes to the principal amount or interest rate);
(b) Accelerate the maturity;
(c) Sue; or
(d) Waive or release any claim. Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.

Title 13 published on 2015-01-01.

No entries appear in the Federal Register after this date, for 13 CFR Part 120.

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