PDF I. COLSON FORM ASKED QUESTIONS III. SBA' S BASIS ... - BNY Mellon
The Department of Treasury has mandated the collection of payment information by SBA under the Credit Reform Act. SBA is collecting guaranteed portion payment information, rather than information on 100% of loan, in an effort to standardize the 1502 Form. Therefore, payment information is required on all loans with an SBA guaranty. ................
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