13 CFR 115.62
§ 115.62 Prohibition on participation in Prior Approval program.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 115.62, § 115.62 Prohibition on participation in Prior Approval program, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51975
- Permanent ID
ys:prov:51975@1- SHA-256
35e56ce8a643b451826cb541521e536b8feef9cf0625832760b2902895624258
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Full text
A PSB Surety is not eligible to submit applications under subpart B of this part. This prohibition does not extend to an Affiliate, as defined in 13 CFR § 121.103, of a PSB Surety that is not itself a PSB Surety provided that the relationship between the PSB Surety and the Affiliate has been fully disclosed to SBA and that such Affiliate has been approved by SBA to participate as a Prior Approval Surety pursuant to § 115.11.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.