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Guidelines

Section C: Realization and Claim Submission

This section deals with CSBF loan collection and claim submission. Lenders may submit an interim claim prior to fully realizing on personal liabilities of borrowers or guarantors or sureties. Lenders may find the decision table below useful.

1. Is the loan in default? (Section C, Item 1)
No ►
Continue to administer loan.
Yes ▼
 
 
2. Can the default be remedied? (Section C, Item 1)
Yes ►
Work with borrower to remedy.
No ▼
 
 
3. May issue Notice of Default and Demand for Payment by specific date.
4. Does borrower remedy default within period specified?
Yes ►
Continue to administer loan.
No ▼
 
 
36-month period for submitting a claim for loss or request for extension begins
5. Realize on assets using normal procedures. ▼
6. Does complete realization on assets recover principal, interest and costs? (Section C, Item 2)
Yes ►
No further action required. ► End
No ▼
 
 
7. Is loan secured by guarantees?
No ►
Submit final claim (Section C, Item 5)
Yes ▼
 
 
8. Submit interim claim (Section C, Item 6) and realize on guarantees.
9. Is realization on guarantees complete?
 
 
Yes ▼
 
Or ▼
10. Submit final claim (Section C, Item 5) ▼
No ►
Submit request for extension as required
36-month period for submitting a claim for loss or request for extension expires
11. Is additional information requested?
No ►
No further action required.
Yes ▼
 
 
12. Comply with requests. ▼
 
 
13. Is claim eligible as submitted? (Section C, Item 7)
No ►
Claim is reduced and paid ▼
Yes ▼
 
Or ▼
Claim is paid as submitted. ▼
 
Claim is rejected. ▼
No Further Action Required
 
Appeal Process Available
(Section C, Item 5)
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