[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR123.12]

[Page 274-275]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 123--DISASTER LOAN PROGRAM--Table of Contents
 
Sec. 123.12  Are books and records required?

    You must retain complete records of all transactions financed with 
your

[[Page 275]]

SBA loan proceeds, including copies of all contracts and receipts, for a 
period of 3 years after you receive your final disbursement of loan 
proceeds. If you have a physical disaster business or economic injury 
loan, you must also maintain current and accurate books of account, 
including financial and operating statements, insurance policies, and 
tax returns. You must retain applicable books and records for 3 years 
after your loan matures including any extensions, or from the date when 
your loan is paid in full, whichever occurs first. You must make 
available to SBA or other authorized government personnel upon request 
all such books and records for inspection, audit, and reproduction 
during normal business hours and you must also permit SBA and any 
participating financial institution to inspect and appraise your assets. 
(OMB Approval No. 3245-0110.)