# The American Recovery and Reinvestment Act of 2009: Secondary Market First Lien Position 504 Loan Pool Guarantee
> **US Small Business Administration** · Interim final rule with request for comments. · Published 2009-10-30 · Effective 2009-10-30 · 74 FR 56087
## Document
- **Document number:** E9-26211
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 74 FR 56087
- **CFR reference:** 13 CFR 120
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2009/10/30/E9-26211/the-american-recovery-and-reinvestment-act-of-2009-secondary-market-first-lien-position-504-loan)
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