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SBA

RIN: 3245-AE83

Publication ID: Spring 2002

Title: ●Business Loans and Development Company Loans; Applications by Certified Development Companies (CDCs) for Liquidation and Litigation Authority/Uniform Liquidation and Litigation Procedures
Abstract: This proposed rule would implement statutory provisions that give some Certified Development Companies (CDCs) authority to handle liquidation and litigation of loans that are funded with the proceeds of debentures guaranteed by the SBA under the 504 loan program. It also proposes uniform liquidation and litigation procedures for authorized CDCs and for lenders participating in the 7(a) business loan program.
Agency: Small Business Administration(SBA)	Priority: Other Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 13 CFR 120
Legal Authority: 15 USC 634(b)(6) 15 USC 636(a) 15 USC 636(h) 15 USC 697(a)(2)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	06/00/2002

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: James W. Hammersley Deputy Assistant Administrator, Office of Policy and Strategic Planning Small Business Administration 8th Floor, 409 Third Street SW, Washington, DC 20416 Phone:202 205-6490 Email: james.hammersley@sba.gov