GroundRules
← Search the law
Federal regulations · Through 2026-08-25 · Newer source version available

13 CFR 108.1700: Transfer by SBA of its interest in a NMVC Company's Leverage security.

Read at publisher ↗
Where this section sits in the code
  1. Title 13—Business Credit and Assistance
  2. CHAPTER I—SMALL BUSINESS ADMINISTRATION
  3. PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
  4. Subpart J—SBA Financial Assistance for NMVC Companies (Leverage)

Upon such conditions and for such consideration as it deems reasonable, SBA may sell, assign, transfer, or otherwise dispose of any Debenture held by or on behalf of SBA. Upon notice by SBA, a NMVC Company will make all payments of principal and interest as shall be directed by SBA. A NMVC Company will be liable for all damage or loss which SBA may sustain by reason of such disposal, up to the amount of the NMVC Company's liability under such security, plus court costs and reasonable attorney's fees incurred by SBA.

Collected 2026-08-27T02:24:18Z. Source file · JSON

Browse this collection