1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - Small Business Administration
  4. Part 120 - Business Loans
  5. Subpart B - Policies Specific to 7(a) Loans
  6. Subject Group - Fees for Guaranteed Loans
  7. 13 CFR § 120.222
13 CFR § 120.222
Prohibition on sharing premiums for secondary market sales
August 12, 2025
CFR
Editorial Note on Part 120

Editorial Note:

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

§ 120.222 Prohibition on sharing premiums for secondary market sales.

The Lender or its Associates may not share any premium received from the sale of an SBA guaranteed loan in the secondary market with a Service Provider, packager, or other loan-referral source.

[82 FR 39503, Aug. 21, 2017, as amended at 85 FR 7648, Feb. 10, 2020; 85 FR 80588, Dec. 14, 2020; 87 FR 38908, June 30, 2022]

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§ 120.221 Fees and expenses that the Lender may collect from a loan applicant or Borrower
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§ 120.223 Subsidy recoupment fee payable to SBA by Borrower

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