GroundRules
7 CFR 1980.473: Additional loans or advances.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
- SUBCHAPTER H—PROGRAM REGULATIONS
- PART 1980—GENERAL
- Subpart E—Business and Industrial Loan Program
(Refer to paragraph XIII of Form RD 449-35.)
Administrative
Only the State Director shall approve within his/her loan approval authority additional nonguaranteed loans or advances prior to or subsequent to the issuance of the Loan Note Guarantee. The State Director shall determine that there will be no adverse changes in the borrower's financial situation and that such loan or advance is not likely to adversely affect the collateral or the guaranteed loan.
Collected 2026-08-27T02:24:01Z. Source file · JSON