{"data":{"id":"us/7-cfr-4279.279","jurisdiction":"us","citation":"7 CFR 4279.279","heading":"Transfer of Lenders.","body":"(a) The Agency may approve the substitution of a new eligible Lender in place of a former Lender who has been issued an outstanding Conditional Commitment when the Loan Note Guarantee has not yet been issued provided that there are no changes in the:\n(1) Borrower's ownership or control, loan purposes, or scope of Project;\n(2) Loan terms and conditions in the Conditional Commitment; and\n(3) Loan Agreement.\n(b) The Agency must determine that the new Lender is eligible in accordance with § 4279.208 prior to approving the substitution. The original Lender must provide the Agency with a letter stating the reasons it no longer desires to be a Lender for the Project. The substituted Lender must execute a new part B of Form 4279-1 and Lender's Agreement (unless a valid Lender's Agreement with the Agency already exists), and must complete a new Lender's analysis in accordance with § 4279.215. The new Lender may also be required to provide other updated application items outlined in § 4279.261(k).","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XLII—RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE","PART 4279—GUARANTEED LOANMAKING","Subpart C—Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"ba565cefbe1e9df8295286c16556860beeb4706b84468a36e75c456a2f3ad214","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-4279.278","next":"us/7-cfr-4279.280"},"notice":"GroundRules: Original legal text. Not legal advice."}