13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.857

Voluntary transfer and surrender of CDC certification.

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13 C.F.R. § 120.857 — Voluntary transfer and surrender of CDC certification.

§ 120.857 Voluntary transfer and surrender of CDC certification. A CDC may not transfer its certification or withdraw from the 504 program without SBA's consent. The CDC must provide a plan to SBA to transfer its portfolio. The portfolio may only be transferred with SBA's written consent. If a CDC desires to withdraw from the 504 program, it must forfeit its portfolio to SBA. SBA may conduct an audit of the transferring or withdrawing CDC. [61 FR 3235, Jan. 31, 1996. Redesignated at 68 FR 57987, Oct. 7, 2003] Project Economic Development Goals

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13 C.F.R. § 120.857
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The regulatory text of 13 C.F.R. § 120.857 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. § 120.857