1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - Small Business Administration
  4. Part 120 - Business Loans
  5. Subpart J - Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools
  6. 13 CFR § 120.1725
13 CFR § 120.1725
No Program Preference by Seller or Pool Originator
August 12, 2025
CFR
Editorial Note on Part 120

Editorial Note:

Nomenclature changes to part 120 appear at 72 FR 50039, Aug. 30, 2007.

§ 120.1725 No Program Preference by Seller or Pool Originator.

The Seller and the Pool Originator must not establish a Program Preference, which is defined in 13 CFR 120.10.

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§ 120.1724 Servicing and liquidation expenses
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§ 120.1726 Pool Certificates a Seller cannot purchase

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