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Code of Federal Regulations (Last Updated: July 5, 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 XVIII - Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, and Farm Service Agency, Department of Agriculture |
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SubChapter H - Program Regulations |
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Part 1980 - General |
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Subpart I - Community Programs Guaranteed Loans |
§ 1980.875 - Additional loans or advances.
Latest version.
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The State Director may approve within his/her loan approval authority additional nonguaranteed loans or advances prior to or subsequent to the
issuance of the Loan Note Guarantee (Form FmHA or its successor agency under Public Law 103-354 449-34). 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.