Application and Approval Process for RBIC licensing without Leverage
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) The provisions of § 4290.300 notwithstanding, the Agency will accept, at any time, applications for consideration as a Non-leveraged RBIC. The number of applications that the Agency will receive each year, and any fees and conditions, will be announced annually in a Federal Register notice.
(b) The provision for evaluating applicants on a competitive basis, as specified in § 4290.340(a), does not apply to this subpart.
(c) The provisions specified in § 4290.370(m) do not apply to this subpart.
[76 FR 80225, Dec. 23, 2011, as amended at 77 FR 4885, Feb. 1, 2012]
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