1502 colson-2026

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The document is a 1502 Connection Enrollment Form for registering with Colson Services. It requires the user's personal and contact information, options for displaying borrower names, and provides instructions for receiving user ID/access codes. Additionally, it includes security data and instructions for changing passwords.

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Click ‘Get Form’ to open the 1502 Connection Enrollment Form in the editor.
Begin by filling in the 'LENDER NAME' field, followed by your 'NAME' and 'TITLE'. Ensure all information is accurate for proper identification.
Next, provide your 'STREET ADDRESS', 'CITY', 'STATE', 'PHONE', and 'ZIP' code. This information is crucial for communication purposes.
If available, enter your 'E-MAIL ADDRESS'. This will facilitate quicker correspondence regarding your enrollment.
Sign the form in the designated 'SIGNATURE' field to validate your submission.
In section B, indicate whether you want borrowers’ names displayed on the website by selecting ‘YES’ or ‘NO’. If you choose ‘YES’, please sign where indicated.
Once completed, review all entries for accuracy before submitting. Finally, fax the form to (718) 315-5100 as instructed.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a loan status report?

Loan Status Reports . The form of reports to be submitted by Primary Servicer with respect to reporting about the status of real estate taxes, status of insurance and status of UCC financing statement for the Mortgage Loans as more particularly described and set forth in Exhibit B-3.

What does in liquidation disbursed SBA mean?

All SBA Loans that are fully disbursed and in regular servicing or liquidation status. Fully disbursed means that the loan has been closed and all disbursements have been made. On a revolving LOC fully disbursed means that the loan has been closed and the initial disbursement has been made.

Will my SBA loan be late after due date?

The SBA allows a grace period of two business days after the due date. Lenders submit the Monthly Section 1112 Report for the Section 1112 Debt Relief Program no later than the 7th day of each month, or the next business day.

What is a 1502 report?

SBA form 1502 field descriptions. This form is to be completed monthly by Lenders participating in SBAs 7(a) loan program in order to collect payment and loan information. Completed forms must be submitted to SBAs 7(a) Fiscal and Transfer Agent.

What are the lenders fees for PPP loans?

SBA will pay lenders fees for processing PPP loans in the following amounts: Five (5) percent for loans of not more than $350,000; Three (3) percent for loans of more than $350,000 and less than $2,000,000; and One (1) percent for loans of at least $2,000,000. Lenders may not collect any fees from the applicant.

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