§ 107.1900. Surrender of license.

49 words·~1 min read·/us/cfr/t13/s§ 107.1900·

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

You may not surrender your license without SBA's prior written approval. Your request for approval must be accompanied by an offer of immediate repayment of all of your outstanding Leverage (including any prepayment penalties thereon), or by a plan satisfactory to SBA for the orderly liquidation of the Licensee.

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cites case law

§ 107.1900

Surrender of license.

Fed. Reg.×245

C.F.R.×6

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