What Responsibility and Authority do SBA Lenders Have in Servicing and Liquidating Loans?
Jimerson Firm
NOVEMBER 2, 2020
These changes may include, for example, the borrower’s failure to pay taxes, which if unpaid, could become senior liens against the collateral for the SBA loan. The liquidation status must include the following: Obligors; Collateral; Workout negotiations; Recoveries and expenses incurred; Liquidation and litigation proceedings; and.
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