§120.1717. Seller's Pool Loan deferments.
13 C.F.R. § 120.1717
Without the prior written consent of SBA, Seller, at the request of Obligor, may grant one deferment of Obligor's scheduled payments for a continuous period not to exceed three months of past or future installments. Seller shall immediately notify CSA of any payment deferment and that notification shall include:
The SBA Pool Loan number;
The Obligor's name;
The terms of such deferment;
The date Obligor is to resume payment; and
Reconfirmation of the basis of interest calculation (e.g. 30/360 or Actual Days/365).
Notes, amendments, and revision history
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.