SBA requires that a lender complete numerous steps when liquidating an SBA loan. The purpose of this course is to explain the various steps and how to document/complete each step.
Topics covered include:
• Liquidation plan
• Application of loan payments or liquidation recoveries
• Environmental risk management
• Insurance coverage
• Classifying loans in liquidation
• Site visits
• Real property collateral liquidation
• Personal property collateral liquidation
• Offer in compromise
• Litigation and litigation plans
• Inspector general referrals
Target Audience:
Anyone involved in the SBA lending process