Status of Lenders and CDCs.

CFR · 2024-01-01 · US · Title 13

Lenders, CDCs and their contractors are independent contractors that are responsible for their own actions with respect to a 7(a) or 504 loan. SBA has no responsibility or liability for any claim by a borrower, guarantor or other party alleging injury as a result of any allegedly wrongful action taken by a Lender, CDC or an employee, agent, or contractor of a Lender or CDC.

official document · source cfr-2024 · id 13:§ 120.181