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SBA | RIN: 3245-AH92 | Publication ID: Spring 2022 |
Title: ●Small Business Lending Company (SBLC) Moratorium Rescission and Change of Ownership Updates | |
Abstract:
SBA will publish a notice of proposed rulemaking in order to receive comments from the public and the lending industry regarding the proposal to lift the moratorium on permitting new Small Business Lending Companies (SBLC). Also, SBA will be requesting comments regarding removing the prohibition of partial changes in ownership under the 7(a) loan program. |
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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: Sec. 3(r) and 7(a) of the Small Business Act |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Businesses, Organizations | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Dianna L. Seaborn Director, Office of Financial Assistance Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-3645 Email: dianna.seaborn@sba.gov |