13 CFR 120.222

§ 120.222 Prohibition on sharing premiums for secondary market sales.

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

Cite this

Citation: 13 CFR 120.222, § 120.222 Prohibition on sharing premiums for secondary market sales, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52057
Permanent ID: ys:prov:52057@1
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Full text

The Lender or its Associates may not share any premium received from the sale of an SBA guaranteed loan in the secondary market with a Service Provider, packager, or other loan-referral source.

Legislative history

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