7 CFR 1980.473
§ 1980.473 Additional loans or advances.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1980.473, § 1980.473 Additional loans or advances, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29409
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Full text
(Refer to paragraph XIII of Form RD 449-35.)
Only the State Director shall approve within his/her loan approval authority additional nonguaranteed loans or advances prior to or subsequent to the issuance of the Loan Note Guarantee. The State Director shall determine that there will be no adverse changes in the borrower's financial situation and that such loan or advance is not likely to adversely affect the collateral or the guaranteed loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.