Code of Federal Regulations · Section
§ 107.1900 — Surrender Of License
13 C.F.R. § 107.1900
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You may not surrender your license without SBA's prior written approval. Your request for approval must be accompanied by an offer of immediate repayment of all of your outstanding Leverage (including any prepayment penalties thereon), or by a plan satisfactory to SBA for the orderly liquidation of the Licensee.
Authorizing Statute
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Definitions15 U.S.C. § 662