13 CFR 107.20
§ 107.20 Legal basis and applicability of this part 107.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 107.20, § 107.20 Legal basis and applicability of this part 107, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51563
- Permanent ID
ys:prov:51563@1- SHA-256
95d10a099fb4733fd116df1afc4e7b3949e8dff1cdcc5c3b4502e616a12ec342
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The regulations in this part implement Title III of the Small Business Investment Act of 1958, as amended. All Licensees must comply with all applicable regulations, accounting guidelines and valuation guidelines for Licensees.
(b) Provisions of this part which are not mandated by the Act shall not supersede existing State law. A party claiming that a conflict exists shall submit an opinion of independent counsel, citing authorities, for SBA's resolution of the issues involved.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.