Licensing as a RBIC.

CFR · 2024-01-01 · US · Title 7

(a) (1) Raise the specific amount of Regulatory Capital that the Applicant had projected in its application that it would raise (see § 4290.210 for additional information). (2) Raise $500,000 in Leverageable Capital as required by § 4290.210; (3) Complete and submit to the Agency all legal and other documentation concerning the RBIC, including but not limited to its Articles and updated financial information concerning the RBIC in order to qualify for a Leverage commitment; and (4) Enter into a Participation Agreement with the Agency. (b) (c) (d) (1) Approval to operate as a RBIC under the Act; (2) A commitment of Leverage; and (3) An Operational Assistance grant award.

official document · source cfr-2024 · id 7:§ 4290.390