---
kind: "section"
citation: "13 C.F.R. § 120.1715"
title: "13"
number: "120.1715"
heading: "Seller's Pool Loan liquidation."
url: "https://uscodex.org/cfr/13/120.1715"
---

# §120.1715. Seller's Pool Loan liquidation.


Subject to [§ 120.1718](/cfr/13/120.1718.md) of this subpart J, the Seller must liquidate and conduct debt collection litigation for Seller's Pool Loan in a prompt, cost-effective and commercially reasonable manner, consistent with prudent lending standards, in accordance with applicable Program Rules and Regulations, and with SBA approval of a liquidation plan and any litigation plan, and any amendment of either such a plan, if applicable.


## Notes

### Source

Source: 74 FR 56093, Oct. 30, 2009, unless otherwise noted.

### Authority

Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.