7 CFR 3565.304
§ 3565.304 Lender loan processing responsibilities.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3565.304, § 3565.304 Lender loan processing responsibilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30722
- Permanent ID
ys:prov:30722@1- SHA-256
533d5e02e9d429ff2a957e723de3d3c43b3d414054af577d04f239b54539c945
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) Application. The lender will be responsible for submitting an application for a loan guarantee in a format prescribed by the Agency. Lenders may submit an application at the feasibility stage or when they request a conditional commitment.
(b) Project servicing, management and disposition. Unless otherwise permitted by the Agency, the originating lender must perform all loan functions during the period of the guarantee. These functions include servicing, asset management, and, if necessary, property disposition. The lender must maintain and service the loan in accordance with the provisions of subpart I of this part and Agency servicing procedures.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.