7 CFR 3565.212
§ 3565.212 Multiple guaranteed loans.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 3565.212, § 3565.212 Multiple guaranteed loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30702
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Full text
The Agency may guarantee more than one loan on any project if all guaranteed loans, in the aggregate, comply with these regulations, including without limitation:
(a) In the aggregate, loans do not exceed the maximum guaranteed loan amount and loan-to-value limits, as contained in § 3565.204;
(b) In the aggregate, loans are all to be secured equally by a first lien as the Agency may, at its sole discretion, determine necessary to ensure repayment of the loans; and
(c) If different lenders originate the loans, each lender has executed an intercreditor agreement in form and substance acceptable to the Agency.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.