Late Payments and Penalties. As stated in Sections 3.2 and 3.5 of this Article, Xxxxxx remittance of the SBA Form 1502 and the funds collected are due to FTA by the FTA Due Date. POSTMARKS ARE NOT CONSIDERED AS PROOF OF RECEIPT. THE REQUIREMENT IS RECEIPT BY FTA. If Lender remittance, including complete payment information as specified in Section 3.5 of this Article is not received in the office of the FTA by 5 PM Eastern Time on the second business day after the FTA Due Date, Lender shall pay a late payment penalty to SBA (collected by FTA), which is the greater of:
Appears in 3 contracts
Samples: www.sba.gov, www.sba.gov, catran.sba.gov
Late Payments and Penalties. As stated in Sections 3.2 and 3.5 of this Article, Xxxxxx remittance of the SBA Form 1502 and the funds collected are due to FTA by the FTA Due Date. POSTMARKS ARE NOT CONSIDERED AS PROOF OF RECEIPT. THE REQUIREMENT IS RECEIPT BY FTA. If Lender remittance, including complete payment information as specified in Section 3.5 of this Article is not received in the office of the FTA by 5 PM Eastern Time on the second business day after the FTA Due Date, Lender shall pay a late payment penalty to SBA (collected by FTA), which is the greater of:: SAMPLE
Appears in 1 contract
Samples: catran.sba.gov
