Regulatory Text

13 C.F.R. § 115.20 — Insolvency of Surety.

§ 115.20 Insolvency of Surety. (a) Successor in interest. If a Surety becomes insolvent, all rights or benefits conferred on the Surety under a valid and binding Prior Approval or PSB Agreement will accrue only to the trustee or receiver of the Surety. SBA will not be liable to the trustee or receiver of the insolvent Surety except for the guaranteed portion of any Loss incurred and actually paid by such Surety or its trustee or receiver under the guaranteed bonds. (b) Filing requirement. The trustee or receiver must submit to SBA quarterly status reports accounting for all funds received and all settlements being considered.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗

Root-LD Entity Data

◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org

Federation ID

BS-CFR13-SEC-1E3FC6

Entity Class

REGULATION / FEDERAL-CFR-SECTION

Domain Signature

boisestandard.org

Citation

13 C.F.R. § 115.20

Corpus

CFR — Code of Federal Regulations

Status

✓ ACTIVE

Source

PRIMARY-SOURCE

Source Verified

✓ TRUE

Content Hash

296a0f200cd13e2f...

Semantic Edges

Pending — corpus passes queued

The regulatory text of 13 C.F.R. § 115.20 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.

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