§ 120.181. Status of Lenders and CDCs.
71 words·~1 min read·
/us/cfr/t13/s§ 120.181·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Lenders, CDCs and their contractors are independent contractors that are responsible for their own actions with respect to a 7(a) or 504 loan. SBA has no responsibility or liability for any claim by a borrower, guarantor or other party alleging injury as a result of any allegedly wrongful action taken by a Lender, CDC or an employee, agent, or contractor of a Lender or CDC. \[72 FR 18360, Apr. 12, 2007\]