§115.17. Minimization of Surety's Loss. — Inbound Citations
13 C.F.R. § 115.17
Statutory Authority
Cited by 1 regulation in release Current.
Citations to §115.17(b)
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(b) A Prior Approval Surety must pursue all possible sources of salvage and recovery until SBA concurs with the Surety's recommendation for a discontinuance or for a settlement. The Surety must certify that continued pursuit of salvage and recovery would be neither economically feasible nor a viable strategy in maximizing recovery. See also § 115.17(b).