120.818 Applicability to existing for-profit CDCs.§ 120.818 Applicability to existing for-profit CDCs.
(a) Unless expressly provided otherwise in the regulations, any Loan Program Requirement that applies to non-profit CDCs also applies to for-profit CDCs.
(b) No person or entity can own or control more than 25 percent of a for-profit CDC's stock.[79 FR 15649, Mar. 21, 2014, as amended at 84 FR 66294, Dec. 4, 2019]