Code · BILL · 114th Congress · S. 1811 (Reported in Senate) — To require the Administrator of the Small Business Administration to establish a program to make loans to certain bus... · Sec. 5

Sec. 5. Collateral requirements for small business concerns

85 words·~1 min read·/bill/114/s/1811/rs/section-5

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) ) is amended by inserting after paragraph

(9)the following: In the case of a loan made pursuant to this subsection in an amount not greater than $250,000, the Administrator may not require a borrower to pledge his or her primary residence as collateral if— other collateral exists, including assets related to the operation of a business; and such an option does not delay the Administrator’s processing of disaster applications for a disaster. .

Connectionstraces to 1

Traces to 1 document

U.S. Code

Additional powers
§ 636

Citation graph

cites case law

Sec. 5

Collateral requirements for small business concerns

U.S.C.§ 636

Cites 1Cited by 0 across 0 sources