The Small Business Administration requires information to be disclosed to the buyer when a secondary market loan is transferred from one investor to another. This information includes a constant annual prepayment rate based upon the seller's analysis pf prepayment histories of SBA guaranteed loans with similar maturities. Additionally, information is required on the terms. conditions and yield of the security being transferred.
The latest form for Form of Detached Assignment for U.S. Small Business Administration Loan Pool or Guaranteed Interest Certificate expires 2023-11-30 and can be found here.
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