There have been plenty of changes to SBA’s regulations over the past year, and lenders should be aware that these changes have not only been in the SOP’s.…
The U.S. Small Business Administration addresses its policies on enforcement of judgments in Chapter 22 of the SOP 50 57 3 (the “SOP”), which is titled Litigation. In…
Following a default, Lenders often contend with questions related to whether to file suits against obligors; the need for litigation plans; when to advance expenses; and, what costs can be…
Lenders should always review SBA’s Servicing and Liquidation SOP when engaging in liquidations of SBA loans. This article will take a high-level look at the changes incorporated into…
As we have discussed over our last few articles, the recent rule changes issued on April 10, 2023 altered the affiliation rules to limit the analysis to issues…
With the current uptick in SBA loan defaults, lenders should ensure that their loan servicing teams familiarize themselves with the SBA’s offer in compromise (“OIC”) process. A lender may not…