{"data":{"id":"us/13-cfr-120.422","jurisdiction":"us","citation":"13 CFR 120.422","heading":"Are all securitizations subject to this subpart?","body":"All securitizations are subject to this subpart. Until additional regulations are promulgated, SBA will consider securitizations involving multiple Lenders on a case by case basis, using the conditions in § 120.425 as a starting point. SBA will consider securitizations by affiliates as single Lender securitizations for purposes of this subpart.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart D—Lenders"],"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":"9c7ca4aaf9e2bddb3820381dd949739be159a17661af3961bfbbc4950916acbe","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.421","next":"us/13-cfr-120.423"},"notice":"GroundRules: Original legal text. Not legal advice."}