Section 120.1719 - SBA's right to recover from SellerSBA is entitled to recover from Seller any monies paid on SBA's guarantee of a Pool Certificate backed in part by Seller's Pool Loan, plus interest, if SBA in its sole discretion determines that any of the following events has occurred:
(a) Seller's improper action or inaction has put SBA at risk;(b) Seller has failed to disclose a material fact to SBA regarding a Seller's Pool Loan in a timely manner;(c) Seller has misrepresented a material fact to SBA regarding Seller's Pool Loan;(d) Seller has failed to comply materially with § 120.1720 of this subpart;(e) SBA has received a written request from Seller to terminate the SBA's guarantee on the Loan Interest in Seller's Pool Loan;(f) Seller has failed to comply materially with Program Rules and Regulations; or(g) Seller has failed to make, close, service or liquidate Seller's Pool Loan in a prudent manner.