13 CFR 120.857
§ 120.857 Voluntary transfer and surrender of CDC certification.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.857, § 120.857 Voluntary transfer and surrender of CDC certification, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52233
- Permanent ID
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Full text
A CDC may not transfer its certification or withdraw from the 504 program without SBA's consent. The CDC must provide a plan to SBA to transfer its portfolio. The portfolio may only be transferred with SBA's written consent. If a CDC desires to withdraw from the 504 program, it must forfeit its portfolio to SBA. SBA may conduct an audit of the transferring or withdrawing 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.