StacksVerified U.S. regulatory reference

13 CFR §120.645

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Redemption of Individual Certificate. The prepayment of the underlying loan or a default on such loan will trigger the redemption of the Certificate by FTA/SBA in accordance with the procedures prescribed in the SPGA.
  2. (b)Redemption of Pool Certificate. The FTA and SBA may redeem a Pool Certificate because of prepayment or default of all loans in a Pool.