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SBA

RIN: 3245-AE83

Publication ID: Spring 2004

Title: Business Loans and Development Company Loans; 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: Substantive, Nonsignificant
RIN Status: Previously 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	08/00/2004

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Walter C. Intlekofer Chief, Office Of Portfolio Management Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-7543 Email: walter.intlekofer@sba.gov