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Code · CFR · Title 13 — Business Credit and Assistance · Part 120 — Business Loans · § 120.818

§ 120.818. Applicability to existing for-profit CDCs.

55 words·~1 min read·/us/cfr/t13/s§ 120.818·

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(a)Unless expressly provided otherwise in the regulations, any Loan Program Requirement that applies to non-profit CDCs also applies to for-profit CDCs.
(b)No person or entity can own or control more than 25 percent of a for-profit CDC's stock. \[79 FR 15649, Mar. 21, 2014, as amended at 84 FR 66294, Dec. 4, 2019\]
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§ 120.818
Applicability to existing for-profit CDCs.
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