§ 120.201. Refinancing unsecured or undersecured loans.
36 words·~1 min read·
/us/cfr/t13/s§ 120.201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A Borrower may not use 7(a) loan proceeds to pay any creditor in a position to sustain a loss causing a shift to SBA of all or part of a potential loss from an existing debt.
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§ 120.201
Refinancing unsecured or undersecured loans.
Fed. Reg.×76
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