At the same time, that it controls just codifies current SBA practice of requiring the new entry off liquidation and you may lawsuits plans from the Loan providers and you may CDCs, but decrease any weight using this requirement regarding legal actions plans because of the enhancing the money threshold getting Non-Techniques Lawsuits away from $5,000 to help you $10,000, just like the indexed significantly more than. Subsequent, the brand new overall performance requirements having seven(a) and 504 loan servicing and liquidation contained in these statutes just codify present SBA policy because the established inside the SOPs and you may currently present lending requirements. (more…)