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13 C.F.R. § 120.828 – Minimum level of 504 loan activity and restrictions on portfolio concentrations. | Midpage
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Code of Federal Regulations
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Part 120
Subpart H
ECFR905acb088338292
§ 120.828
13 C.F.R. § 120.828
Minimum level of 504 loan activity and restrictions on portfolio concentrations.
Effective Nov 6, 2003
Published Oct 7, 2003
68 FR 57981
(a) A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.
(b) A CDC's 504 loan portfolio must be diversified by business sector.
[68 FR 57981, Oct. 7, 2003]