StacksVerified U.S. regulatory reference

13 CFR §120.1719

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
SBA is entitled to recover from Seller any monies paid on SBA's guarantee of a Pool Certificate backed in part by Seller's Pool Loan, plus interest, if SBA in its sole discretion determines that any of the following events has occurred:
  1. (a)Seller's improper action or inaction has put SBA at risk;
  2. (b)Seller has failed to disclose a material fact to SBA regarding a Seller's Pool Loan in a timely manner;
  3. (c)Seller has misrepresented a material fact to SBA regarding Seller's Pool Loan;
  4. (d)Seller has failed to comply materially with § 120.1720 of this subpart;
  5. (e)SBA has received a written request from Seller to terminate the SBA's guarantee on the Loan Interest in Seller's Pool Loan;
  6. (f)Seller has failed to comply materially with Program Rules and Regulations; or
  7. (g)Seller has failed to make, close, service or liquidate Seller's Pool Loan in a prudent manner.