13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.620

SBA guarantee of a Pool Certificate.

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

13 C.F.R. § 120.620 — SBA guarantee of a Pool Certificate.

§ 120.620 SBA guarantee of a Pool Certificate. (a) Extent of Guarantee. SBA guarantees to a Registered Holder the timely payment of principal and interest installments and any prepayment or other recovery of principal to which the Registered Holder is entitled. If the Borrower of a loan in a Pool backing the Certificates does not make a required installment payment, SBA, through the FTA, will make advances to maintain the schedule of interest and principal payments to the Registered Holders. (b) SBA guarantee backed by full faith and credit. SBA's guarantee of the Pool Certificate is backed by the full faith and credit of the United States.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-736982
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
13 C.F.R. § 120.620
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PRIMARY-SOURCE
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The regulatory text of 13 C.F.R. § 120.620 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. § 120.620