1. Regulations
  2. title 13
  3. chapter I
  4. part 120
  5. subpart B
  6. subjgrp 197
  7. § 120.200

View all text of Subjgrp 197 [§ 120.200 - § 120.200]

§ 120.200 - What bonding requirements exist during construction?

On 7(a) loans which finance construction, the Borrower must supply a 100 percent payment and performance bond and builder's risk insurance, unless waived by SBA.

AUTHORITY: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

SOURCE: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.

CITE AS: 13 CFR 120.200