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Code of Federal Regulations (Last Updated: October 10, 2024)

Title 13 - Business Credit and Assistance

Chapter I - Small Business Administration

Part 120 - Business Loans

Subpart K - Establishment of an SBA Direct Loan Program for Systemically Important Secondary Market Broker-Dealers (SISMBD Loan Program)

§ 120.1881 - How are payments on the Collateral allocated between the SISMBD borrower and repayment of the SISMBD Loan?

Latest version.

§ 120.1881 How are payments on the Collateral allocated between the SISMBD borrower and repayment of the SISMBD Loan?

Unless otherwise provided in the Loan Agreements for a particular SISMBD Loan, any payment on Collateral must be assigned to SBA and must be used to repay the SISMBD Loan.

                    
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