[Federal Register Volume 66, Number 241 (Friday, December 14, 2001)]
[Rules and Regulations]
[Page 64739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-30842]



[[Page 64739]]

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SMALL BUSINESS ADMINISTRATION

13 CFR Part 120

RIN 3245-AE68


Business Loans and Development Company Loans

AGENCY: Small Business Administration (SBA).

ACTION: Withdrawal of direct final rule.

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SUMMARY: The SBA is withdrawing the direct final rule published on 
November 14, 2001 (66 FR 56985) implementing various changes in the 
Business Loan Program enacted by the Small Business Reauthorization Act 
of 2000. Pending further evaluation SBA will publish a new rule.

DATES: The direct final rule published at 66 FR 56985, November 14, 
2001 is withdrawn, as of December 14, 2001.

FOR FURTHER INFORMATION CONTACT: James W. Hammersley, Director, Office 
of Loan Programs, Office of Financial Assistance, (202) 205-6490.

SUPPLEMENTARY INFORMATION: The SBA published a direct final rule on 
November 14, 2001, (66 FR 56985), which incorporated changes to SBA 
rules concerning loan guaranty and loan amounts, minimum guaranteed 
dollar amount of 7(a) loans, percentages of financing which can be 
guaranteed by SBA, guarantee fees paid by lenders, real estate 
occupancy rules, and borrower prepayment penalties. Subsequent to the 
publication of the direct final rule, SBA has decided to withdraw it 
and reconsider portions of the rule. After such reconsideration, SBA 
will publish a new rule at an early date.

List of Subjects in 13 CFR Part 120

    Loan program--business, Small businesses.

    Authority: 15 U.S.C. 634(b)(6), 636(a) and (h), 696(3), and 
697(a)(2).

Hector V. Barreto,
Administrator.
[FR Doc. 01-30842 Filed 12-13-01; 8:45 am]
BILLING CODE 8025-01-P