13 C.F.R. § 120.857

Current through October 31, 2024

Section 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.

13 C.F.R. §120.857

61 FR 3235, Jan. 31, 1996. Redesignated at 68 FR 57987 , Oct. 7, 2003