7 CFR 764.302
§ 764.302 Eligibility requirements.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 764.302, § 764.302 Eligibility requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19872
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Full text
The applicant:
(a) Must comply with the general eligibility requirements established at § 764.101(a) through (g);
(b) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan;
(c) Must be at least 10 but not yet 21 years of age at the time the loan is closed;
(d) Must be recommended and continuously supervised by a project advisor, such as a 4-H Club advisor, a vocational teacher, a county extension agent, or other agriculture-related organizational sponsor; and
(e) Must obtain a written recommendation and consent from a parent or guardian if the applicant has not reached the age of majority under state law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.