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The American Recovery and Reinvestment Act of 2009: Secondary Market First Lien Position 504 Loan Pool Guarantee

SBA · final-rule · Published 2009-10-30 · Effective 2009-10-30 · 74 FR 56087

Document

Document number: E9-26211
Federal Register citation: 74 FR 56087
CFR reference: 13 CFR 120
Type: Rule
Action: Interim final rule with request for comments.
Category: final-rule
Agency: US Small Business Administration
Publication date: 2009-10-30
Effective date: 2009-10-30

Abstract

This interim final rule implements Section 503 of the American Recovery and Reinvestment Act of 2009 (Recovery Act), which establishes a secondary market for the first mortgage loan that is a component of a financing made under the 504 program. The Recovery Act authorizes SBA to establish a program to provide a guarantee for pools comprised of portions of these first mortgage loans that will back certificates to be sold to investors.

Source

Authoritative: Federal Register document
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