Securitizer's Currency Rate Law and Legal Definition

According to 13 CFR 120.420 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 120 -- Business Loans; Subpart D “ Lenders; Participating Lender Financings], Securitizer's Currency Rate is the dollar balance of its 7(a) guaranteed loans that are less than 30 days past due divided by the dollar balance of its portfolio of 7(a) guaranteed loans outstanding, as calculated quarterly by SBA, excluding loans approved in SBA's current fiscal year.