Procedural Notice – 5000-835230 Guidance on 504 Appraisal Review & Authorizing CDC Closing Counsel to Confirm Franchise Closing Documents Conform with SBA Franchise Procedures and the SBA Franchise Directory

The purpose of this Notice is to revise the procedures set forth in SOP 50 10 6 relating to commercial real estate appraisals that CDCs must submit to the Sacramento Loan Processing Center (SLPC) for approval and to authorize CDC Closing Counsel to review and confirm franchise closing documents are executed properly and conform with SBA franchise procedures and the SBA Franchise Directory. These revisions and guidance are effective as of the Effective Date of this Notice.