← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Business Loan Policy and Business Loans; Facsimiles of SBA Forms

SBA · final-rule · Published 1995-08-17 · Effective 1995-08-17 · 60 FR 42779

Document

Document number
95-20434
Federal Register citation
60 FR 42779
CFR reference
13 CFR 120
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
1995-08-17
Effective date
1995-08-17

Abstract

This final rule authorizes SBA participating lenders to use computer generated facsimile exact copies of SBA application and closing forms in making SBA guaranteed loans. SBA lenders, under this final rule, agree to accept liability for a substantial SBA loss attributable to deficiencies in such forms. Under the final rule, SBA could deny liability to a lender which fails to use SBA provided forms or computerized facsimile exact copies of the SBA forms if this failure would contribute to a substantial loss by the SBA on the guaranteed loan.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown