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Title 13: Business Credit and Assistance
CHAPTER I: SMALL BUSINESS ADMINISTRATION
PART 120: BUSINESS LOANS
Subpart E: Servicing, Liquidation and Debt Collection Litigation of 7(a) and 504 Loans
: Sba's Purchase of A Guaranteed Portion
120.532 - What is a loan Moratorium
SBA may assume a Borrower's obligation to repay principal and interest on a loan by agreeing to make the payments to the Lender on behalf of the Borrower under terms and conditions set by SBA. This relief is called a ?Moratorium.? Complete information concerning this program may be obtained from local SBA offices.
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