1. Regulations
  2. title 7
  3. chapter VII
  4. part 769
  5. subpart A
  6. § 769.111

View all text of Subpart A [§ 769.101 - § 769.125]

§ 769.111 - Loan approval and obligating funds.

(a) Loan requests will be processed based on the date the Agency receives the application. Loan approval is subject to the availability of funds.

(b) The loan will be considered approved for the intermediary lender on the date the signed copy of the obligation of funds document is mailed to the intermediary lender.

AUTHORITY: 5 U.S.C. 301, 7 U.S.C. 1989, and 25 U.S.C. 488.

SOURCE: 80 FR 74970, Dec. 1, 2015, unless otherwise noted.

CITE AS: 7 CFR 769.111