NMVC Company's adoption of an approved valuation policy.

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) Adopt without change the model valuation policy set forth in section III of the Valuation Guidelines for SBICs; or (2) Obtain SBA's prior written approval of an alternative valuation policy. (c) (d) (2) On a case-by-case basis, SBA may require you to perform valuations more frequently. (3) You must report material adverse changes in valuations at least quarterly, within thirty days following the close of the quarter. (e) (2) The independent public accountant's report on your audited annual financial statements (SBA Form 468) must include a statement that your valuations were prepared in accordance with your approved valuation policy.

official document · source cfr-2024 · id 13:§ 108.503