Care and Preservation of Collateral (CPC)

Event description

TITLE:  LENDER TRAINING:  Care and Preservation of Collateral (CPC)                  

DATE/TIME:  Thursday, May 15, 2025 @ 10am Eastern  

REGISTRATION LINK: https://events.gcc.teams.microsoft.com/event/ae9ea026-006a-4b6b-af9e-0958b126002f@3c89fd8a-7f68-4667-aa15-41ebf2208961  

LOCATION:      WEBINAR via Microsoft Teams

DESCRIPTION:  Lenders must take prudent action, on a case-by-case basis, to ensure that all collateral and acquired collateral with Recoverable Value is adequately insured in order to protect the ability to recover on an SBA loan. In order for SBA to process a request for reimbursement of expenses the CPC Tabs must be completed. The CPC Tabs facilitate an efficient process to review and process requests for reimbursements. Charge-off is an SBA administrative action whereby a loan is reclassified from “liquidation” to “charge-off” status, and the outstanding balance of the loan is removed from the Agency’s accounting records. This Tab system was designed to help lenders assemble your final wrap-up report. In order for SBA to process and expedite your request for Charge Off, the Charge-Off Tabs must be completed. Join this webinar with your SBA toolbox in hand and be prepared to learn from the experts the ABC’s of the CPC and Charge off process.  You are sure to leave this webinar with a wealth of knowledge. 

TARGET AUDIENCE:   ALL LENDERS. Anyone responsible for handling liquidations

PRESENTER:               The SBA National Guaranty Purchase Center, Herndon, VA