 |
Code of Federal Regulations (Last Updated: May 6, 2024) |
 |
Title 7 - Agriculture |
|
Subtitle B - Regulations of the Department of Agriculture |
|
Chapter XXXV - Rural Housing Service, Department of Agriculture |
|
Part 3575 - General |
|
Subpart A - Community Programs Guaranteed Loans |
§ 3575.30 - Loan guarantee limitations.
Latest version.
-
§ 3575.30 Loan guarantee limitations.
The percentage of guarantee, up to the maximum allowed by this section, is a matter for negotiation between the lender and the Agency.
(a) The maximum guarantee is 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.