GroundRules
7 CFR 3565.153: Experience and capacity of borrower.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE
- PART 3565—GUARANTEED RURAL RENTAL HOUSING PROGRAM
- Subpart D—Borrower Eligibility Requirements
At the time of application, the lender must certify that the borrower:
(a) Has the ability and experience to construct or rehabilitate multifamily housing that meets the requirements established by the Agency, the lender and the loan agreement;
(b) Has the legal and financial capacity to meet all of the obligations of the loan; and
(c) Has the ability and experience to meet the property management requirements established by the Agency, the lender, and the loan agreement.
Collected 2026-08-27T02:24:01Z. Source file · JSON