# 13 CFR § 107.20: Legal basis and applicability of this part 107

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-13-107.20

## Section

- **Citation:** 13 CFR § 107.20
- **Heading:** Legal basis and applicability of this part 107
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 13—Business Credit and Assistance > CHAPTER I—SMALL BUSINESS ADMINISTRATION > PART 107—SMALL BUSINESS INVESTMENT COMPANIES > Subpart A—Introduction to Part 107

## Text

(a) The regulations in this part implement Title III of the Small Business Investment Act of 1958, as amended. All Licensees must comply with all applicable regulations, accounting guidelines and valuation guidelines for Licensees.
(b) Provisions of this part which are not mandated by the Act shall not supersede existing State law. A party claiming that a conflict exists shall submit an opinion of independent counsel, citing authorities, for SBA's resolution of the issues involved.

## Nearby sections

- [13 CFR § 107.20 § 107.20 Legal basis and applicability of this part 107.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.20.md)
- [13 CFR § 107.25 § 107.25 Severability.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.25.md)
- [13 CFR § 107.30 § 107.30 Amendments to Act and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.30.md)
- [13 CFR § 107.40 § 107.40 How to read this part 107.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.40.md)
- [13 CFR § 107.50 § 107.50 Definition of terms.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.50.md)
- [13 CFR § 107.1000 § 107.1000 Non-leveraged Licensees—exceptions to this part.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1000.md)
- [13 CFR § 107.1800 § 107.1800 Licensee's agreement to terms and conditions in §§ 107.1810 and 107.1820.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1800.md)
- [13 CFR § 107.1810 § 107.1810 Events of default and SBA's remedies for Licensee's noncompliance with terms of Debentures.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1810.md)
- [13 CFR § 107.1820 § 107.1820 Conditions affecting issuers of Preferred Securities and/or Participating Securities.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1820.md)
- [13 CFR § 107.1900 § 107.1900 Surrender of license.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1900.md)
- [13 CFR § 107.1910 § 107.1910 Non-waiver of SBA's rights or terms of Leverage security.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1910.md)
- [13 CFR § 107.1920 § 107.1920 Licensee's application for exemption from a regulation in this part 107.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1920.md)
- [13 CFR § 107.1930 § 107.1930 Effect of changes in this part 107 on transactions previously consummated.](https://www.frixlaw.com/law-library/statutes/ecfr-13-107.1930.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-13-107.20. Check the current official text before relying on it. Not legal advice.