7 CFR 3555.351
§ 3555.351 Loan guarantee limits.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3555.351, § 3555.351 Loan guarantee limits, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30379
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Full text
(a) Original loan amount. For the purposes of this section, the term “Original Loan Amount” means the original promissory note amount minus any loans funds not actually disbursed to the borrower or on behalf of the borrower at the time the SFHGLP loan was made or thereafter.
(b) Maximum loss payment. The maximum payment for a loss sustained by the lender under the SFHGLP is the lesser of:
(1) 90 percent of the Original Loan Amount; or
(2) 100 percent of any loss equal to or less than 35 percent of the Original Loan Amount plus 85 percent of any remaining loss up to 65 percent of the Original Loan Amount.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.