7 CFR 3565.151
§ 3565.151 Eligible borrowers.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 3565.151, § 3565.151 Eligible borrowers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30682
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Full text
Guaranteed loans must be made to an eligible borrower whose intention is to provide and maintain rural rental housing. The ownership entity must be a valid entity in good standing under the laws of the jurisdiction in which it is organized. Eligible borrowers shall include individuals, corporations, state or local public agencies or an instrumentality thereof, partnerships, limited liability companies, trusts, Indian tribes, or any organization deemed eligible by the Agency. Eligible borrowers must be U.S. citizens or permanent legal residents; a U.S. owned corporation, or a limited liability company, or partnership in which the principals are U.S. citizens or permanent legal residents.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.