StacksVerified U.S. regulatory reference

13 CFR §120.435

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Notwithstanding the provisions of § 120.434(e), 7(a) loans may be pledged for the following purposes without notice to or consent by SBA:
    1. (1)Treasury tax and loan accounts;
    2. (2)The deposit of public funds;
    3. (3)Uninvested trust funds;
    4. (4)Borrowings from a Federal Reserve Bank; or
    5. (5)Advances by a Federal Home Loan Bank.
  2. (b)For purposes of the Paycheck Protection Program (PPP), the other provisions of § 120.434 shall also not apply to PPP loans pledged under paragraph (a)(4) or (5) of this section.