13 C.F.R. § 120.222 Fees which the Lender or Associate may not collect from the Borrower or share with third parties.
Title 13 - Business Credit and Assistance
The Lender or its Associate may not: (a) Require the applicant or Borrower to pay the Lender, an Associate, or any party designated by either, any fees or charges for goods or services, including insurance, as a condition for obtaining an SBA guaranteed loan (unless permitted by this part); (b) Charge an applicant any commitment, bonus, broker, commission, referral or similar fee; (c) Charge points or add-on interest; (d) 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; or (e) Charge the Borrower for legal services, unless they are hourly charges for requested services actually rendered.
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart B—Policies Specific to 7(a) Loans
§ 120.222 Fees which the Lender or Associate may not collect from the Borrower or share with third parties.
