---
kind: "section"
citation: "13 C.F.R. § 120.1716"
title: "13"
number: "120.1716"
heading: "Required SBA approval of servicing actions."
url: "https://uscodex.org/cfr/13/120.1716"
---

# §120.1716. Required SBA approval of servicing actions.


Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan:

- (a) Make or consent to any substantial alteration in the terms (“substantial” includes, but is not limited to, any changes to the principal amount or interest rate);
- (b) Accelerate the maturity;
- (c) Sue; or
- (d) **Waive or release any claim.** Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.

## 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.