{"data":{"id":"us/13-cfr-120.435","jurisdiction":"us","citation":"13 CFR 120.435","heading":"Which loan pledges do not require notice to or consent by SBA?","body":"(a) Notwithstanding the provisions of § 120.434(e), 7(a) loans may be pledged for the following purposes without notice to or consent by SBA:\n(1) Treasury tax and loan accounts;\n(2) The deposit of public funds;\n(3) Uninvested trust funds;\n(4) Borrowings from a Federal Reserve Bank; or\n(5) Advances by a Federal Home Loan Bank.\n(b) For purposes of the Paycheck Protection Program (PPP), the other provisions of § 120.434 shall also not apply to PPP loans pledged under paragraph (a)(4) or (5) of this section.","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":"79f67d80a616a09eb9e8bd44a569209aabc14f00886991c05b020948762680a7","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.434","next":"us/13-cfr-120.440"},"notice":"GroundRules: Original legal text. Not legal advice."}