13 CFR 120.181

§ 120.181 Status of Lenders and CDCs.

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

Cite this

Citation: 13 CFR 120.181, § 120.181 Status of Lenders and CDCs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52038
Permanent ID: ys:prov:52038@1
SHA-256: ac1ac2ede49b402ca4e1447bedd2cd43f4a25418689d5c729ad989416c25530c

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Full text

Lenders, CDCs and their contractors are independent contractors that are responsible for their own actions with respect to a 7(a) or 504 loan. SBA has no responsibility or liability for any claim by a borrower, guarantor or other party alleging injury as a result of any allegedly wrongful action taken by a Lender, CDC or an employee, agent, or contractor of a Lender or CDC.

Legislative history

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