SBA SOP 50 10 8, App11.2 — Federally-regulated Lenders must comply with the requirements of their FFIR’s
Verbatim text of SBA SOP 50 10 8 section App11.2 (Federally-regulated Lenders must comply with the requirements of their FFIR’s), effective 2025-06-01. 1 provision(s) quoted from the SOP PDF. SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8, App11.2 — Federally-regulated Lenders must comply with the requirements of their FFIR’s — 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 App11.2
2. Federally-regulated Lenders must comply with the requirements of their FFIR’s requirements governing how long to retain documentation. 3. SBA Supervised Lenders must comply with 13 CFR § 120.461. B. CDCs: 1. CDCs may retain scanned copies of documents unless this paragraph specifies that the original document(s) must be retained by the CDC. CDCs must retain the original: SBA Form 1244, Application for Section 504 Loan; SBA Form(s) 159; and Any SBA Environmental Indemnification Agreement. Hard-copy records of those documents requiring original signatures must be retained unless the original signature was made in accordance with applicable standards governing electronic signatures. (See Appendix 10 for guidance on electronic signature standards.) 2. Inquiries, partial applications, and applications withdrawn, canceled, or denied by the CDC or SBA must be kept for 2 years after notification of incomplete application, withdrawal, cancelation, or decline. After 2 years, the files may be destroyed. 3. General correspondence must be kept for 1 year. Case-specific correspondence should be filed in the case file. 4. Paid off loan files (including the original application file, servicing file, and closing file), must be kept for 6 years after the loan was paid in full. 5. Files from liquidated loans (including the original application file, closing, and servicing files), must be kept for 6 years after the loan was charged off. CDC Operational Financial Records must be retained for 6 years unless otherwise indicated by SBA. Appendix 12: SBA Email Addresses
Operationalizing SBA SOP 50 10 8, App11.2 — Federally-regulated Lenders must comply with the requirements of their FFIR’s
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/sba-sop-app11-2/
· register sba-sop-app11-2 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.