13 CFR § 120.222 Business Loans

§ 120.222 Prohibition on sharing premiums for secondary market sales.

Current through Sep 29, 2026 · Read all of Part 120

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]

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