Regulatory Text

13 C.F.R. § 120.940 — Prepayment of the 504 loan or Debenture.

§ 120.940 Prepayment of the 504 loan or Debenture. The Borrower may prepay its 504 loan, if it pays the entire principal balance, unpaid interest, any unpaid fees, and any prepayment premium established in the note. If the Borrower prepays, the CDC must prepay the corresponding Debenture with interest and premium. If one of the Debentures in a Debenture Pool is prepaid, the Investors in that Debenture Pool must be paid pro rata, and SBA's guarantee on the entire Debenture Pool must be proportionately reduced. If the entire Debenture Pool is paid off, SBA may call all Certificates backed by the Pool for redemption.

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-57ED03

Entity Class

REGULATION / FEDERAL-CFR-SECTION

Domain Signature

boisestandard.org

Citation

13 C.F.R. § 120.940

Corpus

CFR — Code of Federal Regulations

Status

✓ ACTIVE

Source

PRIMARY-SOURCE

Source Verified

✓ TRUE

Content Hash

333f50922deeadc4...

Semantic Edges

Pending — corpus passes queued

The regulatory text of 13 C.F.R. § 120.940 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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Title 13 — Business Credit and Assistance

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