13 CFR 120.830 - Reports a CDC must submit.

prev | next
§ 120.830 Reports a CDC must submit.
A CDC must submit the following reports to SBA:
(a) An annual report within one hundred-eighty days after the end of the CDC's fiscal year (to include audited or reviewed financial statements of the CDC, as applicable, and any affiliates or subsidiaries of the CDC prepared in accordance with § 120.826(c) and (d)), and such interim reports as SBA may require.
(1) The audited financial statements must, at a minimum, include the following:
(i) Audited balance sheet;
(ii) Audited statement of income (or receipts) and expense;
(iii) Audited statement of source and application of funds;
(iv) Such footnotes as are necessary to an understanding of the financial statements;
(v) Auditor's letter to management on internal control weaknesses; and
(vi) The auditor's report.
(2) The reviewed financial statements must, at a minimum, include the following:
(i) Balance sheet;
(ii) Statement of income (or receipts) and expense;
(iii) Statement of source and application of funds;
(iv) Such footnotes as are necessary to an understanding of the financial statements; and
(v) The accountant's review report.
(b) For each new associate and staff, a Statement of Personal History (for use by non-bank lenders and CDCs) and other information required by SBA;
(c) Reports of involvement in any legal proceeding;
(d) Changes in organizational status;
(e) Changes in any condition that affects its eligibility to continue to participate in the 504 program; and
(f) Quarterly service reports on each loan in its portfolio which is 60 days or more past due (and interim reports upon request by SBA).
(g) Other reports as required by SBA.
[61 FR 3235, Jan. 31, 1996, as amended at 68 FR 57981, Oct. 7, 2003; 73 FR 75518, Dec. 11, 2008]

Title 13 published on 2014-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
Statutes at Large

Title 13 published on 2014-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR 120 after this date.

  • 2014-03-17; vol. 79 # 51 - Monday, March 17, 2014
    1. 79 FR 14617 - Microloan Program Expanded Eligibility and Other Program Changes
      GPO FDSys XML | Text
      SMALL BUSINESS ADMINISTRATION
      Proposed rule.
      Comments must be received on or before May 16, 2014.
      13 CFR Part 120