7 CFR 764.54
§ 764.54 Preferences when there is limited funding.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 764.54, § 764.54 Preferences when there is limited funding, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19830
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Full text
(a) First priority. When there is a shortage of loan funds, approved applications will be funded in the order of the date the application was received, whether or not complete.
(b) Secondary priorities. If two or more applications were received on the same date, the Agency will give preference to:
(1) First, an applicant who is a veteran of any war;
(2) Second, an applicant who is not a veteran, but:
(i) Has a dependent family;
(ii) Is able to make a down payment; or
(iii) Owns livestock and farm implements necessary to farm successfully.
(3) Third, to other eligible applicants.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.