13 CFR 120.857 - Voluntary transfer and surrender of CDC certification.
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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.
Title 13 published on 2014-01-01
no entries appear in the Federal Register after this date.