Example: bankruptcy
SBA SOP 50 57 7(a) LOAN SERVICING and LIQUIDATION
Note: An SBA loan moves from "approval" status (governed by SOP 50 10) to "regular servicing” status when the loan has been closed and the final loan disbursement has been made. It moves from "regular servicing” status to "liquidation” status if the loan is in default and has been classified in liquidation pursuant to Chapter 14 of this SOP.
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