§ 120.1716 - Required SBA approval of servicing actions.

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Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan:

Make or consent to any substantial alteration in the terms (“substantial” includes, but is not limited to, any changes to the principal amount or interest rate);

Accelerate the maturity;

Sue; or

Waive or release any claim. Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.