§120.818. Applicability to existing for-profit CDCs.
13 C.F.R. § 120.818
Unless expressly provided otherwise in the regulations, any Loan Program Requirement that applies to non-profit CDCs also applies to for-profit CDCs.
No person or entity can own or control more than 25 percent of a for-profit CDC's stock.
Notes, amendments, and revision history
Amendments
[79 FR 15649, Mar. 21, 2014, as amended at 84 FR 66294, Dec. 4, 2019]
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.
Amendments
[79 FR 15649, Mar. 21, 2014, as amended at 84 FR 66294, Dec. 4, 2019]