13 CFR 120.818
§ 120.818 Applicability to existing for-profit CDCs.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.818, § 120.818 Applicability to existing for-profit CDCs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52209
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Full text
(a) Unless expressly provided otherwise in the regulations, any Loan Program Requirement that applies to non-profit CDCs also applies to for-profit CDCs.
(b) No person or entity can own or control more than 25 percent of a for-profit CDC's stock.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.