Financing fees and expense reimbursements a Licensee may receive from a Small Business.

CFR · 2024-01-01 · US · Title 13

You may collect Financing fees and receive expense reimbursements from a Small Business only as permitted under this § 107.860. (a) (1) No more than 1 percent of the amount of Financing requested (or, if two or more Licensees participate in the Financing, their combined application fees are no more than 1 percent of the total Financing requested); and (2) Agreed to in writing by the Financing applicant. (b) (c) (1) The fee is no more than 2 percent of the Financing amount (or, if two or more Licensees participate in the Financing, their combined closing fees are no more than 2 percent of the total Financing amount); and (2) You charge the fee no earlier than the date of the first disbursement. (d) (1) The fee is no more than 4 percent of the Financing amount (or, if two or more Licensees participate in the Financing, their combined closing fees are no more than 4 percent of the total Financing amount); and (2) You charge the fee no earlier than the date of the first disbursement. (e) (f) (g)

official document · source cfr-2024 · id 13:§ 107.860