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Code of Federal Regulations (Last Updated: April 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 107 - Small Business Investment Companies |
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Subpart J - Licensee's Noncompliance With Terms of Leverage |
§ 107.1800 - Licensee's agreement to terms and conditions in §§ 107.1810 and 107.1820.
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§ 107.1800 Licensee's agreement to terms and conditions in §§ 107.1810 and 107.1820.
Any Licensee that violates the terms and conditions of its Leverage is subject to SBA remedies. The terms, conditions and remedies in § 107.1810 apply to outstanding Debentures issued after April 25, 1994. The terms, conditions and remedies in § 107.1820 apply to outstanding Preferred Securities and Participating Securities issued after April 25, 1994, or if you have Earmarked Assets in your portfolio.