---
kind: "section"
citation: "13 C.F.R. § 120.643"
title: "13"
number: "120.643"
heading: "Requirements before the FTA issues Individual Certificates."
url: "https://uscodex.org/cfr/13/120.643"
---

# §120.643. Requirements before the FTA issues Individual Certificates.

- (a) **FTA issuance of initial Certificate.** Before the FTA can issue the Individual Certificate for a guaranteed portion of a loan, the original seller must provide the following documents to the FTA:
  - (1) An executed SPGA;
  - (2) A copy of the note representing the guaranteed loan; and
  - (3) Any other documentation which SBA may require.
- (b) **Review of documentation.** SBA may review or require the FTA to review any documentation before the FTA issues a Certificate.

## Notes

### Authority

Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.