7 CFR 3565.153
§ 3565.153 Experience and capacity of borrower.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3565.153, § 3565.153 Experience and capacity of borrower, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30684
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Full text
At the time of application, the lender must certify that the borrower:
(a) Has the ability and experience to construct or rehabilitate multifamily housing that meets the requirements established by the Agency, the lender and the loan agreement;
(b) Has the legal and financial capacity to meet all of the obligations of the loan; and
(c) Has the ability and experience to meet the property management requirements established by the Agency, the lender, and the loan agreement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.