Liquidation Process

Lender Liquidation Responsibilities/Instructions

• Helpful Hints Guide
• Competing Non-SBA-Liens  
• Servicing and Liquidation Action Matrix

Entering the Loan into Liquidation

• How to request liquidation status transfer
• Reporting & Site Visit Requirements
• How will the NGPC process your case

Request for Action

• Liquidation plan approval (GP Lenders Only)
• Litigation plan approval
• Sale/Release of Collateral
• CPC Reimbursement Request
• Reinstatement of SBA Guaranty
• Offer in Compromise

Closing the Case

• Final Wrap Up Report
• Canceling the SBA Guaranty
• Reporting the Loan Paid In Full (PIF)

Additional Information

• SBA 1502 Status Reporting Codes
• Litigation Policies, Pleadings and Legal Fee Reimbursement

 Guaranty Purchase Information

• Overview
• Purchase Flow Chart Diagram - Illustration of the guaranty purchase process at the National Guaranty Purchase Center. 
• When Lenders Can Request Purchase
• How and Where to Request Purchase
• Transcript of Account
• Payment of Interest
• Common Errors found in Purchase Packages
• Top Reasons for Repair and Denial

Secondary Market Purchases and Post Purchase Policy

• Purchase from Secondary Market - Order file from SBA Servicing Center to be shipped to the NGPC
• Questions regarding Secondary Market issues?  Contact Colson Services Customer Service at 877-245-6159
• Denials of Liability and "Repairs"