SBA Issues Corrections to SOP 5057

May 17, 2013

By Bob Coleman
Editor, Coleman Report

In January of 2013, SBA announced the issuance of Standard Operating Procedure (SOP) 50 57 (7(a) Loan Servicing and Liquidation) which became effective on March 1, 2013. During the past few weeks, Agency staff have received and reviewed questions and comments from program participants, including Lenders, representatives of various trade associations, and SBA personnel regarding the SOP. Because of this feedback, SBA has made the technical corrections listed below to clarify the SOP. Please note that the page numbers shown below correspond to the page numbers on the copy of SOP 50 57 posted to SBA’s Web site.

Download SBA SOP Notice 5000-1276