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7 CFR 3565.152

§ 3565.152 Control of land.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 3565.152, § 3565.152 Control of land, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30683
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At time of application, the lender must have evidence of site control by the borrower (option to purchase, lease, deed or other evidence acceptable to the Agency). At the time of loan closing, the lender's closing docket must provide documentary evidence that the borrower owns or has a long-term lease on the land on which the housing is or will be located. The form of ownership or the leasehold agreement must meet Agency requirements. Notwithstanding any investment in the site, the site may not be accepted based on the Agency's environmental assessment.

Legislative history

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