7 CFR 3565.254

§ 3565.254 Property standards.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 3565.254, § 3565.254 Property standards, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30712
Permanent ID: ys:prov:30712@1
SHA-256: 69c44e92b089a3af12e96e735c00104389077178a80637e95344cbc75d3a5533

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) Housing quality and site and neighborhood standards. The property must meet the site and neighborhood requirements established by the state or locality, and those standards contained under 7 CFR part 1924, subparts A and C or any successor regulations. (b) Third party assessments. As part of the application for a guaranteed loan, the lender must provide documentation of qualified third parties' assessments of the property's physical condition and any environmental conditions or hazards which may have a bearing on the market value of the property. These assessments must include: (1) An acceptable property appraisal. (2) A Phase I Environmental Site Assessment (American Society of Testing and Materials). (3) A Standard Flood Hazard Determination. (4) In the case of the purchase of an existing structure, rehabilitation or refinancing, a physical needs 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.