13 CFR 108.585

§ 108.585 Voluntary decrease in NMVC Company's Regulatory Capital.

United States · 13 CFR — Business Credit and Assistance · Status: effective

Cite this

Citation: 13 CFR 108.585, § 108.585 Voluntary decrease in NMVC Company's Regulatory Capital, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51761
Permanent ID: ys:prov:51761@1
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Full text

You must obtain SBA's prior written approval to reduce your Regulatory Capital by more than two percent in any fiscal year. At all times, you must retain sufficient Regulatory Capital to meet the minimum capital requirements in the Act and § 108.210, and sufficient Leverageable Capital to avoid having excess Leverage in violation of section 355(d) of the Act.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.