{"data":{"id":"us/13-cfr-115.64","jurisdiction":"us","citation":"13 CFR 115.64","heading":"Timeliness requirement.","body":"There must be no Execution or approval of a bond by a PSB Surety after commencement of work under a Contract unless the Surety obtains written approval from the D/SG. To apply for such approval, the Surety must submit a completed “Surety Bond Guarantee Agreement Addendum” (SBA Form 991), together with the evidence and certifications described in § 115.19(f)(1)(ii). For purposes of this section, work has commenced under a Contract when a Principal takes any action related to the contract or bond that would have exposed its Surety to liability under applicable law had a bond been Executed (or approved, if the Surety is legally bound by such approval) at the time.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 115—SURETY BOND GUARANTEE","Subpart C—Preferred Surety Bond (PSB) Guarantees"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"664a0c4490ded2ecb842c3302d0beff4604a0a99290dcca1219fd4f7b9d659b4","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-115.63","next":"us/13-cfr-115.65"},"notice":"GroundRules: Original legal text. Not legal advice."}