120.1716 Required SBA approval of servicing actions.§ 120.1716 Required SBA approval of servicing actions.
Seller shall not, without prior written consent of SBA, take the following actions with respect to Seller's Pool Loan:
(a) Make or consent to any substantial alteration in the terms (“substantial” includes, but is not limited to, any changes to the principal amount or interest rate);
(b) Accelerate the maturity;
(c) Sue; or
(d) Waive or release any claim. Guidance on other servicing actions, some of which may need prior SBA approval, is provided in the Guide.