13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.521

What interest rate applies after SBA purchases its guaranteed portion?

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

13 C.F.R. § 120.521 — What interest rate applies after SBA purchases its guaranteed portion?

§ 120.521 What interest rate applies after SBA purchases its guaranteed portion? When SBA purchases the guaranteed portion of a fixed interest rate loan, the rate of interest remains as stated in the note. On loans with a fluctuating interest rate, the interest rate that the Borrower owes will be at the rate in effect at the time of the earliest uncured payment default, or the rate in effect at the time of purchase (where no default has occurred).

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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13 C.F.R. § 120.521
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The regulatory text of 13 C.F.R. § 120.521 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. § 120.521