CFR > Title 13 - Business Credit and Assistance > CHAPTER I—SMALL BUSINESS ADMINISTRATION > PART 120—BUSINESS LOANS > SUBPART J—Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools (§120.1700 to §120.1726) > 120.1717—Seller's Pool Loan deferments.

120.1717—Seller's Pool Loan deferments.

Without the prior written consent of SBA, Seller, at the request of Obligor, may grant one deferment of Obligor's scheduled payments for a continuous period not to exceed three months of past or future installments. Seller shall immediately notify CSA of any payment deferment and that notification shall include:
(a) The SBA Pool Loan number;
(b) The Obligor's name;
(c) The terms of such deferment;
(d) The date Obligor is to resume payment; and
(e) Reconfirmation of the basis of interest calculation (e.g. 30/360 or Actual Days/365).