13 CFR 108.1700
§ 108.1700 Transfer by SBA of its interest in a NMVC Company's Leverage security.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 108.1700, § 108.1700 Transfer by SBA of its interest in a NMVC Company's Leverage security, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51801
- Permanent ID
ys:prov:51801@1- SHA-256
90b422bc33e1a81517896c1086494f6e06265436eb37c329d2607a4fbaad3d2c
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Full text
Upon such conditions and for such consideration as it deems reasonable, SBA may sell, assign, transfer, or otherwise dispose of any Debenture held by or on behalf of SBA. Upon notice by SBA, a NMVC Company will make all payments of principal and interest as shall be directed by SBA. A NMVC Company will be liable for all damage or loss which SBA may sustain by reason of such disposal, up to the amount of the NMVC Company's liability under such security, plus court costs and reasonable attorney's fees incurred by SBA.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.