13 CFR 120.846 - Requirements for maintaining and renewing PCLP status.
(1) Meet the PCLP eligibility requirements in§ 120.845.
(2) Timely conform with all requirements and deadlines set forth in SBA's regulations and policy and procedural guidance concerning properly establishing, funding and reporting a PCLP Loan Loss Reserve Fund (LLRF).
(5) In accordance with statutory requirements set forth insection 508(i) of Title V, 15 U.S.C. 697e(i), establish a goal of processing at least 50 percent of its 504 loans using PCLP procedures.
(b) SBA will notify the PCLP CDC in writing of a renewal or non-renewal ofPCLP status. If PCLP status is not renewed, SBA will notify the CDC of the reasons for the decision.
Title 13 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 13 CFR Part 120.