CDC Quarterly Status Update Report

A CDC must submit a Quarterly Delinquency Report to the appropriate SBA Loan Center on each loan in its portfolio that is 60 days or more past due until the debenture has been purchased

Within 15 business days of receiving a notice that the debenture was purchased, and every 90 days thereafter, the CDC conducting liquidation or litigation on the 504 loan must provide the SBA Loan Center with a written report that includes, at a minimum, a description of the status of the following:

• Obligors
• Collateral
• Work out negotiations
• Recoveries and expenses incurred
• Liquidation and litigation proceedings