13 CFR 123.15
§ 123.15 What if I change my mind?
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 123.15, § 123.15 What if I change my mind?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52428
- Permanent ID
ys:prov:52428@1- SHA-256
a06d4accfcd757902577323e83b97494b4ac9f74dc7dd709de9e382f01cfb41d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If SBA required you to pledge collateral for your loan, you may change your mind and rescind your loan pursuant to the Consumer Credit Protection Act, 15 U.S.C. 1601, and Regulation Z of the Federal Reserve Board, 12 CFR part 226. Your note and any collateral documents signed by you will be canceled upon your return of all loan proceeds and your payment of any interest accrued. This provision does not apply to IDAP loans.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.