C.F.R. » Title 13 » CHAPTER I—SMALL BUSINESS ADMINISTRATION › PART 120—BUSINESS LOANS › Subpart J—Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools

13 C.F.R. § 120.1725

No Program Preference by Seller or Pool Originator

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The Seller and the Pool Originator must not establish a Program Preference, which is defined in 13 CFR 120.10.