§ 120.643. Requirements before the FTA issues Individual Certificates.
76 words·~1 min read·
/us/cfr/t13/s§ 120.643·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)FTA issuance of initial Certificate. Before the FTA can issue the Individual Certificate for a guaranteed portion of a loan, the original seller must provide the following documents to the FTA:
(1)An executed SPGA;
(2)A copy of the note representing the guaranteed loan; and
(3)Any other documentation which SBA may require.
(b)Review of documentation. SBA may review or require the FTA to review any documentation before the FTA issues a Certificate.