C.F.R. » Title 13 » CHAPTER I—SMALL BUSINESS ADMINISTRATION › PART 120—BUSINESS LOANS › Subpart A—Policies Applying to All Business Loans

13 C.F.R. § 120.180

Compliance with Loan Program Requirements

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SBA Lenders and Intermediaries must comply and maintain familiarity with Loan Program Requirements for the 7(a) Loan Program, 504 Loan Program, and the Microloan Program, as applicable, and as such requirements are revised from time to time. Loan Program Requirements in effect at the time that an SBA Lender or Intermediary takes an action in connection with a particular loan govern that specific action. For example, although loan closing requirements in effect when an SBA Lender closes a loan will govern the closing actions, an SBA Lender's liquidation actions on the same loan are subject to the liquidation requirements in effect at the time that a liquidation action is taken. An SBA Lender or Intermediary must maintain sufficient documentation to demonstrate that Loan Program Requirements have been satisfied.

[85 FR 14781, Mar. 16, 2020]
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2025–2025 · leading case: Dime Cmty. Bank v. Brigade Holdings, Inc., 2025 NY Slip Op 01788 (N.Y. App. Div. 2025).
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Dime Cmty. Bank v. Brigade Holdings, Inc., 2025 NY Slip Op 01788 (N.Y. App. Div. 2025). “180 required the plaintiff, as part of its obligation to service the loan, to extend the defendants a line of credit, or to permit the defendants to obtain an additional line of credit with another lender and/or agree to subordinate its rights in the collateral. In any event,…”
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