2911. ELIGIBLE LENDERS -- LOAN PARTICIPATION PROGRAM

2911 ELIGIBLE LENDERS – LOAN PARTICIPATION PROGRAM 2911.1 An Eligible Lender for the Loan Participation Program shall be: A federally insured commercial lender; A federally insured credit union; or A Community Development Financial Institution. 2911.2 An Eligible Lender shall enroll in the Loan Participation Program by providing to DISB: A signed State Small Business Credit Initiative Participation Agreement with DISB; A certification that it is in compliance with the requirements of 31 C.F.R. § 1020.220; A certification that, consistent with OMB Circular A-129, it has at least twenty percent (20%) of its own capital at risk in any loan enrolled in the District SSBCI Programs, unless a waiver is granted; A certification that no principal of the lender has been convicted of a sex offense against a minor as such term is defined in Section 111 of the Sex Offender Registration and Notification Act (42 U.S.C. § 16911); and Any other document necessary for the administration of the District SSBCI Programs or for compliance with the U.S. Treasury’s SSBCI. SOURCE: Final Rulemaking published at 61 DCR 9181 (September 5, 2014). District of Columbia Municipal Regulations Banking and Financial Institutions 26-C DCMR § 2911