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If the lender hires outside legal counsel, should that counsel communicate directly with SBA?


No. The lender’s outside counsel must communicate with the lender regarding all matters concerning the liquidation of the SBAExpress loan. The lender will then communicate with the SBA. If lender’s counsel elects to correspond directly with SBA’s legal counsel at the Commercial Loan Servicing Center, we ask that the lender instruct their outside legal counsel to copy the lender on all correspondence. This will enhance communication and ensure that the participant lender is fully apprised of all developments.

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