SBA 50 45 2: The Surety Bond Guarantee Program
1 SBA Form 989 (5-90) Ref: SOP 00 23. ... SBA is liable to the trustee or receiver only for losses incurred and monies actually paid by the surety, its trustee, or receiver under SBA guaranteed bonds. ... This provision does not apply to the sale of an entire business division, subsidiary, or operation of the surety. If a surety violates this ... ................
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