13 CFR 120, Subpart H - Development Company Loan Program (504)

§ 120.800 — The purpose of the 504 program.
§ 120.801 — How a 504 Project is financed.
§ 120.802 — Definitions.
Certification Procedures To Become a CDC
- § 120.810 — Applications for certification as a CDC.
- § 120.812 — Probationary period for newly certified CDCs.
Requirements for CDC Certification and Operation
- § 120.820 — CDC non-profit status and good standing.
- § 120.821 — CDC Area of Operations.
- § 120.822 — CDC membership.
- § 120.823 — CDC Board of Directors.
- § 120.824 — Professional management and staff.
- § 120.825 — Financial ability to operate.
- § 120.826 — Basic requirements for operating a CDC.
- § 120.827 — Other services a CDC may provide to small businesses.
- § 120.828 — Minimum level of 504 loan activity and restrictions on portfolio concentrations.
- § 120.829 — Job Opportunity average a CDC must maintain.
- § 120.830 — Reports a CDC must submit.
Extending a CDC'S Area of Operations
- § 120.835 — Application to expand an Area of Operations.
- § 120.837 — SBA decision on application for a new CDC or for an existing CDC to expand Area of Operations.
- § 120.839 — Case-by-case application to make a 504 loan outside of a CDC's Area of Operations.
Accredited Lenders Program (ALP)
- § 120.840 — Accredited Lenders Program (ALP).
- § 120.841 — Qualifications for the ALP.
Premier Certified Lenders Program
- § 120.845 — Premier Certified Lenders Program (PCLP).
- § 120.846 — Requirements for maintaining and renewing PCLP status.
- § 120.847 — Requirements for the Loan Loss Reserve Fund (LLRF).
- § 120.848 — Requirements for 504 loan processing, closing, servicing, liquidating, and litigating by PCLP CDCs.
Associate Development Companies (ADCs)
- § 120.850 — Expiration of Associate Development Company designation.
Other CDC Requirements
- § 120.851 — CDC ethical requirements.
- § 120.852 — Restrictions regarding CDC participation in the Small Business Investment Company (SBIC) program and the 7(a) loan program.
- § 120.853 — Inspector General audits of CDCs.
- § 120.857 — Voluntary transfer and surrender of CDC certification.
Project Economic Development Goals
- § 120.860 — Required objectives.
- § 120.861 — Job creation or retention.
- § 120.862 — Other economic development objectives.
Leasing Policies Specific to 504 Loans
- § 120.870 — Leasing Project Property.
- § 120.871 — Leasing part of Project Property to another business.
Loan-Making Policies Specific to 504 Loans
- § 120.880 — Basic eligibility requirements.
- § 120.881 — Ineligible Projects for 504 loans.
- § 120.882 — Eligible Project costs for 504 loans.
- § 120.883 — Eligible administrative costs for 504 loans.
- § 120.884 — Ineligible costs for 504 loans.
Interim Financing
- § 120.890 — Source of interim financing.
- § 120.891 — Certifications of disbursement and completion.
- § 120.892 — Certifications of no adverse change.
Permanent Financing
- § 120.900 — Sources of permanent financing.
The Borrower's Contribution
- § 120.910 — Borrower contributions.
- § 120.911 — Land contributions.
- § 120.912 — Borrowed contributions.
- § 120.913 — Limitations on any contributions by a Licensee.
Third Party Loans
- § 120.920 — Required participation by the Third Party Lender.
- § 120.921 — Terms of Third Party loans.
- § 120.922 — Pre-existing debt on the Project Property.
- § 120.923 — Policies on subordination.
- § 120.925 — Preferences.
- § 120.926 — Referral fee.
504 Loans and Debentures
- § 120.930 — Amount.
- § 120.931 — 504 Lending limits.
- § 120.932 — Interest rate.
- § 120.933 — Maturity.
- § 120.934 — Collateral.
- § 120.935 — Deposit from the Borrower that a CDC may require.
- § 120.937 — Assumption.
- § 120.938 — Default.
- § 120.939 — Borrower prohibition.
- § 120.940 — Prepayment of the 504 loan or Debenture.
- § 120.941 — Certificates.
Debenture Sales and Service Agents
- § 120.950 — SBA and CDC must appoint agents.
- § 120.951 — Selling agent.
- § 120.952 — Fiscal agent.
- § 120.953 — Trustee.
- § 120.954 — Central Servicing Agent.
- § 120.955 — Agent bonds and records.
- § 120.956 — Suspension or revocation of brokers and dealers.
Closings
- § 120.960 — Responsibility for closing.
- § 120.961 — Construction escrow accounts.
Servicing
- § 120.970 — Servicing of 504 loans and Debentures.
Fees
- § 120.971 — Allowable fees paid by Borrower.
- § 120.972 — Third Party Lender participation fee and CDC fee.
Authority of CDCs To Perform Liquidation and Debt Collection Litigation
- § 120.975 — CDC Liquidation of loans and debt collection litigation.
Enforceability of 501, 502 and 503 Loans and Other Laws
- § 120.990 — 501, 502 and 503 loans.
- § 120.991 — Effect of other laws.

Title 13 published on 2013-01-01

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

USC : Title 15 - COMMERCE AND TRADE

§ 634 - General powers

§ 634 note - General powers

§ 636 - Additional powers

§ 650 - Supervisory and enforcement authority for small business lending companies

§ 687 - Operation and regulation of companies

§ 696 - Loans for plant acquisition, construction, conversion and expansion

§ 697 - Development company debentures

Statutes at Large

123 Stat. 115

Title 13 published on 2013-01-01

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

2013-02-25; vol. 78 # 37 - Monday, February 25, 2013

78 FR 12633 - 504 and 7(a) Loan Programs Updates

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2013-04221
RIN	3245-AG04

SMALL BUSINESS ADMINISTRATION

Proposed rule.

SBA must receive comments to this proposed rule on or before April 26, 2013.

13 CFR Parts 120 and 121

Summary

The U.S. Small Business Administration (“SBA”) has determined that changing conditions in the American economy and persistent high levels of unemployment compel the agency to seek ways to improve access to its two flagship business lending programs: the 504 Loan Program and the 7(a) Loan Program. The purpose of this proposed rulemaking is to reinvigorate these programs as vital tools for creating and preserving American jobs. SBA proposes to strip away regulatory restrictions that detract from the 504 Loan Program's core job creation mission as well as the 7(a) Loan Program's positive job creation impact on the American economy. The 504 Loan Program and 7(a) Loan Program are SBA's two primary business loan programs authorized under the Small Business Investment Act of 1958 and the Small Business Act, respectively. This proposed rule will enhance job creation through increasing eligibility for loans under SBA's business loan programs, including its Microloan Program, and by modifying certain program participant requirements applicable to the 504 Loan Program. In addition, SBA proposes to revise Certified Development Company (CDC) operational requirements to clarify certain existing regulations.

13 CFR 120, Subpart H - Development Company Loan Program (504)

CFR Toolbox

Law about... Articles from Wex

Find a Lawyer

Get Involved