13 CFR 107.1900
§ 107.1900 Surrender of license.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 107.1900, § 107.1900 Surrender of license, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51705
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Full text
You may not surrender your license without SBA's prior written approval. Your request for approval must be accompanied by an offer of immediate repayment of all of your outstanding Leverage (including any prepayment penalties thereon), or by a plan satisfactory to SBA for the orderly liquidation of the Licensee.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.