7 CFR 1744.62

§ 1744.62 Introduction.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1744.62, § 1744.62 Introduction, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27629
Permanent ID: ys:prov:27629@1
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Full text

RUS is under no obligation to make or approve advances of loan funds unless the borrower is in compliance with all terms and conditions of the loan documents. The borrower shall use funds in its construction fund only to make disbursements approved by RUS.

Legislative history

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