7 CFR 5001.6
§ 5001.6 General lender responsibilities.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 5001.6, § 5001.6 General lender responsibilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31639
- Permanent ID
ys:prov:31639@1- SHA-256
a97d375fffe37561705d2df1e0300a64790a16abd079e37af944accbe87e61e9
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) Lenders are responsible for originating and servicing loans guaranteed by the Agency under this part in accordance with the provisions of this part and, for those guaranteed loans issued under one of the guaranteed loan programs identified in § 5001.1(a)(1) through (4), with the provisions of the applicable guaranteed loan program. Any action or inaction on the part of the Agency does not relieve the lender of its responsibilities.
(b) Lenders can contract for services, but such contracting does not relieve a lender from its responsibilities as identified in this part or, where applicable, in the applicable guaranteed loan program identified in § 5001.1.
(c) If a lender fails to comply with the requirements of this part, the Agency may reduce any loss payment in accordance with the lender's agreement and loan note guarantee.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.