§682. Capital requirements — Inbound Citations
15 U.S.C. § 682
Cited by 7 provisions in release 119-102.
Citations to 15 U.S.C. § 682 as a whole
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(i) the applicant meets the requirements of subsections (a) and (c) of section 682 of this title; and
Citations to §682(a)
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(ii) would otherwise be issued a license under this subsection, except that the applicant does not satisfy the requirements of section 682(a) of this title; and
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(iii) has a viable business plan reasonably projecting profitable operations and a reasonable timetable for achieving a level of private capital that satisfies the requirements of section 682(a) of this title.
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(B) An applicant licensed pursuant to the exception provided in this paragraph shall not be eligible to receive leverage as a licensee until the applicant satisfies the requirements of section 682(a) of this title, unless the applicant—(i) is located in a State that—(I) is not served by a licensee; or(II) is an underlicensed State; and(ii) agrees to be limited to 1 tier of leverage available under section 682(b) of this title, until the applicant meets the requirements of section 682(a) of this title.
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(ii) agrees to be limited to 1 tier of leverage available under section 682(b) of this title, until the applicant meets the requirements of section 682(a) of this title.
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(1) shall determine that the private capital of the licensee meets the requirements of section 682(a) of this title; and
Citations to §682(b)
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(ii) agrees to be limited to 1 tier of leverage available under section 682(b) of this title, until the applicant meets the requirements of section 682(a) of this title.