---
kind: "section"
citation: "13 C.F.R. § 115.62"
title: "13"
number: "115.62"
heading: "Prohibition on participation in Prior Approval program."
url: "https://uscodex.org/cfr/13/115.62"
---

# §115.62. Prohibition on participation in Prior Approval program.


A PSB Surety is not eligible to submit applications under [subpart B](/cfr/13/subpartB.md) of this part. This prohibition does not extend to an Affiliate, as defined in [13 CFR § 121.103](/cfr/13/121.103.md), of a PSB Surety that is not itself a PSB Surety provided that the relationship between the PSB Surety and the Affiliate has been fully disclosed to SBA and that such Affiliate has been approved by SBA to participate as a Prior Approval Surety pursuant to [§ 115.11](/cfr/13/115.11.md).


## Notes

### Amendments

[72 FR 34600, June 25, 2007]

### Authority

Authority: 5 U.S.C. app 3; 15 U.S.C. 636i, 687b, 687c, 694a, and 694b note.

### Source

Source: 61 FR 3271, Jan. 31, 1996, unless otherwise noted.

### Amendments

[72 FR 34600, June 25, 2007]