SOP 50 57 2

SBA sop 50 57 2 7(a) LOAN SERVICING and LIQUIDATION Office of Capital Access small business administration December 1, 2015 7(a) Loan Servicing and Liquidation 50 57 2 1. Purpose: Update and consolidate SBA policy and procedures on 7(a) loan servicing and liquidation. 2. Personnel Concerned: All SBA employees. 3. SOP Replaced: SOP 50 57 4. Originator: Office of Capital Access Ann Marie Mehlum 12/1/2015 Associate Administrator Office of Capital Access sop 50 57 2 Effective Date: December 1, 2015 3 Table of Contents Chapter 1. Introduction .. 9 A. Purpose .. 9 B. Authority .. 9 C. General Policy and Goals .. 9 D. Performance standards .. 9 E. Exceptions to Policy .. 9 Chapter 2. Definitions .. 11 A. General Terms .. 11 B. Environmental Terms .. 21 Chapter 3 .. 22 A. Servicing and Liquidation .. 22 B. Litigation.

SOP 50 57 2 sets out the standard operating policies and procedures of the Small Business Administration (“SBA”) for the administration of 7(a) Loans that have been fully disbursed and are in "regular servicing” and "liquidation" status. B. Authority. The policy and procedures set out in this SOP are based on Section 7(a) of the . Small

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  Business, Administration, Operating, Standards, Small, Standard operating, Small business administration, Sop 50 57 2

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