---
kind: "section"
citation: "13 C.F.R. § 120.828"
title: "13"
number: "120.828"
heading: "Minimum level of 504 loan activity and restrictions on portfolio concentrations."
url: "https://uscodex.org/cfr/13/120.828"
---

# §120.828. Minimum level of 504 loan activity and restrictions on portfolio concentrations.

- (a) A CDC is required to receive SBA approval of at least four 504 loan approvals during two consecutive fiscal years.
- (b) A CDC's 504 loan portfolio must be diversified by business sector.

## Notes

### Amendments

[68 FR 57981, Oct. 7, 2003]

### 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

[68 FR 57981, Oct. 7, 2003]