---
kind: "section"
citation: "13 C.F.R. § 120.818"
title: "13"
number: "120.818"
heading: "Applicability to existing for-profit CDCs."
url: "https://uscodex.org/cfr/13/120.818"
---

# §120.818. Applicability to existing for-profit CDCs.

- (a) Unless expressly provided otherwise in the regulations, any Loan Program Requirement that applies to non-profit CDCs also applies to for-profit CDCs.
- (b) **No person or entity can own or control more than 25 percent of a for-profit CDC's stock.**

## Notes

### 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]