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§120.960. Responsibility for closing. — Inbound Citations

13 C.F.R. § 120.960

Cited by 2 regulations in release Current.

Citations to 13 C.F.R. § 120.960 as a whole

  • (5) After receiving notification of the loan number from SBA, the ALP CDC is responsible for properly undertaking all actions necessary to close the ALP Express Loan and Debenture in accordance with the expedited loan closing procedures applicable to a Priority CDC and with § 120.960, and in compliance with all applicable Loan Program Requirements.
  • (e) After receiving notification from SBA PCLP Loan Processing Center, the PCLP CDC is responsible for properly undertaking all actions necessary to close the PCLP Loan and Debenture in accordance with the expedited loan closing procedures applicable to a Priority CDC and with § 120.960.