CFR /  Title 13  /  Part 120  /  Sec. 120.435 Which loan pledges do not require notice to or consent

Notwithstanding the provisions of Sec. 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, Feb. 10, 1999, as amended at 73 FR 75511, Dec. 11, 2008]

Certified Lenders Program (CLP)