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Title 13: Business Credit and Assistance
CHAPTER I: SMALL BUSINESS ADMINISTRATION
PART 120: BUSINESS LOANS
Subpart D: Lenders
: Other Conveyances
120.435 - Which loan pledges do not require notice to or consent by SBA
Notwithstanding the provisions of ? 120.434(e), 7(a) loans may be pledged for the following purposes without notice to or consent by SBA:
(a) Treasury tax and loan accounts;
(b) The deposit of public funds;
(c) Uninvested trust funds;
(d) Discount borrowings at a Federal Reserve Bank; or
(e) Advances by a Federal Home Loan Bank.
[64 FR 6507-6509, Feb. 10, 1999, as amended at 73 FR 75511, Dec. 11, 2008]
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