Post-Default Environmental Risk Management for SBA Lenders
Jimerson Firm
FEBRUARY 2, 2021
If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. What Are Environmental Risks? SOP 50 57 2 ; SOP 50 55.
Let's personalize your content