SBA SOP 50 10 8.1, B.Ch6.D.7 — Required Lender Action:
Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section B.Ch6.D.7 (Required Lender Action:). Effective 2026-10-01 for applications received by SBA on or after that date; SOP 50 10 8 governs applications submitted through 2026-09-30. 1 provision(s) quoted from SBA's .docx.
SBA lending corpus: SOP 50 10 and the active notices, with the expiry watcher.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8.1, B.Ch6.D.7 — Required Lender Action: — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
SOP 50 10 8.1 B.Ch6.D.7
7. Required Lender Action: In accordance with the Debt Collection Improvement Act of 1996, Lenders are required to report information to the appropriate credit reporting agencies whenever they extend credit via an SBA loan. Thereafter, the Lender should continue to routinely report information concerning servicing, liquidation, and charge off activities throughout the life cycle of the loan, as specified in SOP 50 57 or a successor procedural guide.
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Source of record: https://claudeforcompliance.com/regs/sba-sop81-b-ch6-d-7/
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