13 CFR 120.1722 – SBA’s offset rights
Current as of: 2024 | Check for updates
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SBA shall have the right to offset any amount owed by Lender to SBA, including, without limitation, an offset against CSA’s obligation to pay Lender pursuant to any Section 504 First Mortgage Loan Pool Guarantee Agreement.
Terms Used In 13 CFR 120.1722
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.