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).