Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XLII - Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture |
Part 4279 - Guaranteed Loanmaking |
Subpart C - Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Loans |
Applications |
§ 4279.283 - Refusal to execute Loan Note Guarantee.
Latest version.
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§ 4279.283 Refusal to execute Loan Note Guarantee.
If the Agency determines that it cannot execute the Loan Note Guarantee, the Agency will inform the Lender, in writing, of the reasons and give the Lender a reasonable period within which to satisfy the objections. If the Lender satisfies the objections within the time allowed, the Agency will issue the Loan Note Guarantee. If the Lender requests additional time in writing and within the period allowed, the Agency may grant the request.