13 CFR 120.934

§ 120.934 Collateral.

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

Cite this

Citation: 13 CFR 120.934, § 120.934 Collateral, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52262
Permanent ID: ys:prov:52262@1
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Full text

The CDC usually takes a second lien position on the Project Property to secure the 504 loan. Sometimes additional collateral is required. (In rare circumstances, SBA may permit other collateral substituted for Project Property.) All collateral must be insured against such hazards and risks as SBA may require, with provisions for notice to SBA and the CDC in the event of impending lapse of coverage.

Legislative history

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