{"data":{"id":"us/13-cfr-120.490","jurisdiction":"us","citation":"13 CFR 120.490","heading":"Audits.","body":"Every SBLC is subject to periodic audits by SBA's Office of Inspector General, Auditing Division, and the cost of such audits will be assessed against the SBLC, except for the first audit. Fees are structured based on the SBLC's assets as of the date of the latest audited financial statement submitted to SBA before the audit. The fee schedule is set forth in SBA's Standard Operating Procedures manual.","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":"45ea1492db54bdcac3ff5c9d9449f42835a3fc2746c1e6d7cffe4eeaebdcf2ec","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.476","next":"us/13-cfr-120.520"},"notice":"GroundRules: Original legal text. Not legal advice."}