U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 28, 2025

§ 120.192 - Approval or denial.

Applicants receive notice of approval or denial by the Lender, CDC, Intermediary, or SBA, as appropriate. Notice of denial will include the reasons.

[61 FR 3235, Jan. 31, 1996, as amended at 88 FR 21899, Apr. 12, 2023]