13 CFR 115.71

§ 115.71 Denial of liability.

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

Cite this

Citation: 13 CFR 115.71, § 115.71 Denial of liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51984
Permanent ID: ys:prov:51984@1
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Full text

In addition to the grounds set forth in § 115.19, SBA may deny liability to a PSB Surety if: (a) The PSB Surety's guaranteed bond was in an amount which, together with all other guaranteed bonds, exceeded the allotment for the period during which the bond was approved, and no prior SBA approval had been obtained; (b) The PSB Surety's loss was incurred under a bond which was not listed on the bordereau for the period when it was approved; or (c) The loss incurred by the PSB Surety is not attributable to the particular Contract for which an SBA guaranteed bond was approved.

Legislative history

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