Sec. 210. Restriction on refinancing debt
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Section 7(a)(1) of the Small Business Act ( 15 U.S.C. 636(a)(1) ), as amended by section 209 of this Act, is amended by adding at the end the following: In this subparagraph, the term delegated authority means status granted by the Administration to a lender to allow the lender to process, close, service, and liquidate certain loans made under this subsection without prior review by the Administration. A lender shall be prohibited from using any delegated authority under this subsection to refinance any debt held by the lender, including any loan made under this subsection. .
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Sec. 210
Restriction on refinancing debt
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