7 CFR 3565.213
§ 3565.213 Geographic distribution.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 3565.213, § 3565.213 Geographic distribution, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30703
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Full text
The Agency may refuse to guarantee a loan in an area where there is undue risk due to a concentration in the market of properties subject to a Agency guaranteed loan. The Agency will consider the credit quality of the loan and overall market conditions in making a determination of undue risk. If any of the Agency guaranteed loans in the market are experiencing vacancy rates in excess of 15% and the vacancy is due to market conditions, the Agency will invoke this provision and not guarantee the loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.