{"data":{"id":"us/13-cfr-120.857","jurisdiction":"us","citation":"13 CFR 120.857","heading":"Voluntary transfer and surrender of CDC certification.","body":"A CDC may not transfer its certification or withdraw from the 504 program without SBA's consent. The CDC must provide a plan to SBA to transfer its portfolio. The portfolio may only be transferred with SBA's written consent. If a CDC desires to withdraw from the 504 program, it must forfeit its portfolio to SBA. SBA may conduct an audit of the transferring or withdrawing CDC.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart H—Development Company Loan Program (504)"],"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":"0c7d462cd1d47c2195c69681df949e87d605118c0153e39f0d0926877038044d","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.853","next":"us/13-cfr-120.860"},"notice":"GroundRules: Original legal text. Not legal advice."}