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SBA RIN: 3245-AE83 Publication ID: Spring 2007 
Title: Business Loans and Development Company Loans; Liquidation and Litigation Procedures 
Abstract: This rule would implement statutory provisions authorizing SBA to delegate to qualified Certified Development Companies (CDCs) authority to conduct liquidation and debt collection litigation of loans that are funded with the proceeds of debentures guaranteed by the SBA under the 504 loan program. It also provides for new liquidation and debt collection litigation procedures for authorized CDCs and participating 7(a) lenders. In particular, this rule would establish: (1) Procedures for CDCs to obtain delegated authority for such liquidation and litigation; (2) guidelines for CDCs exercising this authority; (3) procedures for SBA's payment of legal fees and expenses to CDCs and Lenders; and (4) loan sale guidelines among other topics. 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
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)    PL 106-554   
Legal Deadline:
Action Source Description Date
Final  Statutory  Small Business Reauthorization Act of 2000, enacted 12/21/2000, requires publication of rule.  05/21/2001 
Timetable:
Action Date FR Cite
NPRM  11/03/2005  70 FR 66800   
NPRM Comment Period End  01/03/2006    
NPRM Comment Period Reopened  01/25/2006  71 FR 4062   
NPRM Comment Period End  02/24/2006    
Final Action  04/12/2007  72 FR 18349   
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