Reports to SBA.

CFR · 2024-01-01 · US · Title 13

(a) An SBA Supervised Lender must submit the following to SBA: (1) (i) Audited balance sheet; (ii) Audited statement of income and expense; (iii) Audited reconciliation of capital accounts; (iv) Audited source and application of funds; (v) Such footnotes as are necessary to an understanding of the report; (vi) Auditor's letter to management on internal control weaknesses; and (vii) The auditor's report. (2) (3) (4) (5) (i) Any change in its name, address or telephone number; (ii) Any change in its charter, bylaws, or its officers or directors (to be accompanied by a statement of personal history on the form approved by SBA); (iii) Any change in capitalization, including such types of change as are identified in this part 120; (iv) Any changes affecting an SBA Supervised Lender's eligibility to continue to participate as an SBA Supervised Lender; and (v) Notice of any pledge of stock (within 30 calendar days of the transaction) if 10 percent or more of the stock is pledged by any person (or group of persons acting in concert) as collateral for indebtedness. (6) (7) (b) (1) In accordance with all applicable laws, regulations, procedures, standards, and such instructions and specifications and in such form and media format as may be prescribed by SBA from time to time; (2) On an accrual basis, in accordance with GAAP principles and such other accounting requirements, standards, and procedures as may be prescribed by the SBA from time to time; (3) That contain all applicable foot

official document · source cfr-2024 · id 13:§ 120.464