13 C.F.R. § 120.415 Suspension or revocation of eligibility to participate.
Title 13 - Business Credit and Assistance
SBA may suspend or revoke the eligibility of a Lender to participate in the 7(a) program because of a violation of SBA regulations, a breach of any agreement with SBA, a change of circumstance resulting in the Lender's inability to meet operational requirements, or a failure to engage in prudent lending practices. Proceedings for such purposes will be conducted in accordance with the provisions of part 134 of this chapter. A suspension or revocation will not invalidate a guarantee previously provided by SBA. [61 FR 3235, Jan. 31, 1996. Redesignated at 64 FR 6509, Feb. 10, 1999] Participating Lender Financings
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart D—Lenders
§ 120.415 Suspension or revocation of eligibility to participate.
