§ 123.15. What if I change my mind?

90 words·~1 min read·/us/cfr/t13/s§ 123.15·

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If SBA required you to pledge collateral for your loan, you may change your mind and rescind your loan pursuant to the Consumer Credit Protection Act, 15 U.S.C. 1601, and Regulation Z of the Federal Reserve Board, 12 CFR part 226. Your note and any collateral documents signed by you will be canceled upon your return of all loan proceeds and your payment of any interest accrued. This provision does not apply to IDAP loans. \[61 FR 3304, Jan. 31, 1996, as amended at 75 FR 60598, Oct. 1, 2010\]

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U.S. Code

Congressional findings and declaration of purpose
§ 1601

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12 CFR 226

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§ 123.15

What if I change my mind?

U.S.C.§ 1601

Cite12 CFR 226

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