13 CFR 123.16 - How are loans administered and serviced?

§ 123.16 How are loans administered and serviced?
(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 andpart 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.
[61 FR 3304, Jan. 31, 1996, as amended at 75 FR 60598, Oct. 1, 2010]

Title 13 published on 2015-01-01.

No entries appear in the Federal Register after this date, for 13 CFR Part 123.

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