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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XVII - Rural Utilities Service, Department of Agriculture |
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Part 1779 - Water and Waste Disposal Programs Guaranteed Loans |
§ 1779.30 - Loan guarantee limitations.
Latest version.
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§ 1779.30 Loan guarantee limitations.
(a) The guarantee will be 90 percent of eligible loss.
(b) The lender will retain a minimum of 5 percent of the total loan amount. The retained amount must be from the unguaranteed portion of the loan and cannot be participated to another lender.