Prohibition on sharing premiums for secondary market sales.

  1. Law
  2. CFR 13
  3. Business Credit and Assistance
  4. Small Business Administration
  5. Business Loans
  6. Policies Specific to 7(a) Loans
  7. Fees for Guaranteed Loans
  8. Prohibition on sharing premiums for secondary market sales.

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§ 120.222 Prohibition on sharing premiums for secondary market sales.

The Lender or its Associates may not share in any premium received from the sale of an SBA guaranteed loan in the secondary market with a Service Provider, packager, or other loan-referral source.

[82 FR 39503, Aug. 21, 2017, as amended at 85 FR 7648, Feb. 10, 2020; 85 FR 80588, Dec. 14, 2020]


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