103.31—What loan servicing requirements apply to BIA?
Once a lender extends a loan that is guaranteed or insured under the Program, BIA has no responsibility for decisions concerning it, except for:
(b)
Any decisions reserved to BIA under conditions of BIA's guaranty certificate or insurance coverage; and
(c)
Decisions concerning a loan that the lender has assigned to BIA or to which BIA is subrogated by virtue of paying a claim based on a guaranty certificate or insurance coverage.