13 CFR 120.612 - Loans eligible to back Certificates.
(a) Pool Certificates are backed by the SBA guaranteed portions of loans comprising the Pool. An Individual Certificate is backed by the SBA guaranteed portion of a single loan. Any such loan must:
(1) Be current as of the date the Pool is formed or the individual guaranteed portion of a loan is initially sold in the Secondary Market;
(3) Meet such other standards as SBA may determine to be necessary for the successful operation of the Secondary Market program.
Title 13 published on 2014-01-01
no entries appear in the Federal Register after this date.