{"data":{"id":"us/13-cfr-120.645","jurisdiction":"us","citation":"13 CFR 120.645","heading":"Redemption of Certificates.","body":"(a) Redemption of Individual Certificate. The prepayment of the underlying loan or a default on such loan will trigger the redemption of the Certificate by FTA/SBA in accordance with the procedures prescribed in the SPGA.\n(b) Redemption of Pool Certificate. The FTA and SBA may redeem a Pool Certificate because of prepayment or default of all loans in a Pool.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart F—Secondary Market"],"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":"78cc425941cbd2aa0c5921297450cb5596cf2dc51a051c857d83eeb33c8b5c5c","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.644","next":"us/13-cfr-120.650"},"notice":"GroundRules: Original legal text. Not legal advice."}