§650. Supervisory and enforcement authority for small business lending companies — Inbound Citations
15 U.S.C. § 650
Cited by 4 provisions in release 119-102.
Citations to 15 U.S.C. § 650 as a whole
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(r) As used in section 650 of this title:(1) The term “small business lending company” means a business concern that is authorized by the Administrator to make loans pursuant to section 636(a) of this title and whose lending activities are not subject to regulation by any Federal or State regulatory agency.(2) The term “non-Federally regulated lender” means a business concern if—(A) such concern is authorized by the Administrator to make loans under section 636 of this title;(B) such concern is subject to regulation by a State; and(C) the lending activities of such concern are not regulated by any Federal banking authority.
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(3) any small business lending company or a non-Federally regulated lender without regard to the requirements of section 650 of this title.
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(3) in carrying out paragraph (2) with respect to formal enforcement actions taken under subsection (d) or (e) of section 650 of this title, vote to recommend or not recommend action to the Administrator or a designee of the Administrator;
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(4) in carrying out paragraph (2) with respect to any formal enforcement action not specified under subsection (d) or (e) of section 650 of this title, vote to approve, disapprove, or modify the action;