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. Topic - Fees for Guaranteed Loans
  7. 13 CFR § 120.222
13 CFR § 120.222
Prohibition on sharing premiums for secondary market sales
November 10, 2020
CFR

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]

Previous
§ 120.221 Fees and expenses that the Lender may collect from an Applicant or Borrower
Next
§ 120.223 Subsidy recoupment fee payable to SBA by Borrower

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC