{"data":{"id":"us/13-cfr-120.423","jurisdiction":"us","citation":"13 CFR 120.423","heading":"Which 7(a) loans may a Lender securitize?","body":"A Lender may only securitize 7(a) loans that will be fully disbursed within 90 days of the securitization's closing date. If the amount of a fully disbursed loan increases after a securitization settles, the Lender must retain the increased amount.","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":"2ad9891c3f439433e953afbdde4527bad9a6b8e5f3e5a40a7b51115aff85658d","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.422","next":"us/13-cfr-120.424"},"notice":"GroundRules: Original legal text. Not legal advice."}