13 CFR 115.62 - Prohibition on participation in Prior Approval program.

Regulations last checked for updates: Nov 23, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart C [§ 115.60 - § 115.71]

§ 115.62 - Prohibition on participation in Prior Approval program.

A PSB Surety is not eligible to submit applications under subpart B of this part. This prohibition does not extend to an Affiliate, as defined in 13 CFR § 121.103, of a PSB Surety that is not itself a PSB Surety provided that the relationship between the PSB Surety and the Affiliate has been fully disclosed to SBA and that such Affiliate has been approved by SBA to participate as a Prior Approval Surety pursuant to § 115.11.

[72 FR 34600, June 25, 2007]

authority: 5 U.S.C. app 3; 15 U.S.C. 636i,687b,687c,694a,and

source: 61 FR 3271, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 115.62