C.F.R. » Title 13 » CHAPTER I—SMALL BUSINESS ADMINISTRATION › PART 120—BUSINESS LOANS › Subpart J—Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools

13 C.F.R. § 120.1713

Seller's Pool Loan origination

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SBA is entitled to recover from the Seller losses incurred by SBA on its guarantee of a Pool if such losses resulted because Seller's Pool Loan was not made and closed in a commercially reasonable manner, consistent with prudent lending standards, and in accordance with any applicable Program Rules and Regulations.