Fillable Sba Form 2101 - Cdc Certification (Page 3 of 4) in pdf

12. Hazard insurance on collateral and any liability insurance are paid for and in effect, as required

by the Authorization. The hazard insurance is in the amount of full replacement cost, or if that is

not available, the maximum insurable value of the property. The insurance contains a mortgagee

clause (or substantial equivalent) for real property or Lender’s Loss Payable Clause for personal

property which provides that any action or failure to act by the mortgagor or owner of the insured

property will not invalidate the interest of CDC and SBA. The insurance policy or an

endorsement provides for at least 10 days’ notice to CDC/SBA prior to cancellation.

13. Any life insurance coverage has been obtained and paid for, remains in effect, and names SBA as

assignee, as required by the Authorization.

14. Any new Project construction or addition conforms with the National Earthquake Hazards

Reduction Program Recommended Provisions (NEHRP) for the Development of Seismic

Regulations for New Buildings, or its equivalent.

15. CDC has verified the accuracy of the financial information submitted with the Loan application

as required by the Authorization.

16. CDC has disclosed to SBA all material information known by CDC and necessary to ensure that

this Certification is not misleading.

17. CDC has inquired of Borrower and disclosed in writing to SBA all bankruptcy or insolvency

proceedings involving, or pending lawsuits against, Borrower, Operating Company or any of their

principals.

18. CDC either has verified that Third Party Lender has performed the specific requirements for that

lender’s Customer Identification Program (CIP), governed by the Joint Final Rule on CIP in 31

C.F.R. 103.121, or CDC has performed the requirements of CDC’s own CIP.

19. The 504 Debenture Closing Checklist is complete, and all documents listed on the Checklist have

been completed in accordance with all 504 Loan Program Requirements.

20. If CDC is designated as a “Priority CDC,” CDC currently has in effect the insurance coverage

required by SOP 50 10.

This certification is made with the knowledge, intent and understanding that SBA will rely upon it in

proceeding with the sale of a Debenture to fund this Loan. CDC warrants and represents that all

information above, and all information provided to SBA, including without limitation, all information

regarding the Borrower’s and Operating Company’s, if any, financial condition, is accurate to the best of

its knowledge and that it has not withheld any material information from SBA. CDC further warrants and

represents that it is unaware of any information that would indicate that any information submitted by

Third Party Lender, Interim Lender, Borrower or Operating Company, if any, is incorrect, or that Third

Party Lender, Interim Lender, Borrower or Operating Company, if any, have withheld any material

information from CDC. CDC acknowledges that submission of false information to SBA, or the

withholding of material information from SBA, can result in criminal prosecution under 18 U.S.C. § 1001

and other provisions, liability for treble damages under the False Claims Act, 31 U.S.C. §§ 3729-3733,

debarment and suspension, lender enforcement remedies under 13 C.F.R. Part 120, and other

SBA Form 2101 (4-2013) Previous editions obsolete

Sba Form 2101 - Cdc Certification Page 3