7 CFR 5001.512
§ 5001.512 Additional expenditures and loans.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 5001.512, § 5001.512 Additional expenditures and loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31737
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Full text
The lender shall not make additional expenditures on behalf of, or provide new loans to, the borrower without notification to the Agency even though such expenditures or loans will not be guaranteed. The lender shall not approve additional expenditures or new loans where the expenditure or loan will violate, or cause a violation of, any of the loan covenants in the borrower's loan agreement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.