7 CFR 764.232

§ 764.232 Eligibility requirements.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 764.232, § 764.232 Eligibility requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19858
Permanent ID: ys:prov:19858@1
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Full text

(a) The applicant: (1) Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section; (2) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and (3) Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity: (i) The entity is controlled by farmers engaged primarily and directly in farming in the United States; (ii) The entity must be authorized to operate a farm in the State in which the farm is located. (b) [Reserved]

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.