13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.170

Flood insurance.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 120.170 — Flood insurance.

§ 120.170 Flood insurance. Under the Flood Disaster Protection Act of 1973 (Sec. 205(b) of Pub. L. 93–234; 87 Stat. 983 (42 U.S.C. 4000 et seq. )), a loan recipient must obtain flood insurance if any building (including mobile homes), machinery, or equipment acquired, installed, improved, constructed, or renovated with the proceeds of SBA financial assistance is located in a special flood hazard area. The requirement applies also to any inventory (business loan program), fixtures or furnishings contained or to be contained in the building. Mobile homes on a foundation are buildings. SBA, Lenders, CDCs, and Intermediaries must notify Borrowers that flood insurance must be maintained.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-4CD127
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.170
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PRIMARY-SOURCE
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The regulatory text of 13 C.F.R. § 120.170 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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boisestandard.org United States Law CFR Title 13 13 C.F.R. § 120.170