1. Regulations
  2. title 7
  3. chapter XXXV
  4. part 3565
  5. subpart C
  6. § 3565.110

View all text of Subpart C [§ 3565.101 - § 3565.150]

§ 3565.110 - Insolvency of lender.

The Agency may require a lender to transfer a guaranteed loan or loans to another approved lender prior to a determination of insolvency by the lender. If the lender fails to transfer a loan when required, the guarantee will be considered null and void.

AUTHORITY: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

SOURCE: 63 FR 39458, July 22, 1998, unless otherwise noted.

CITE AS: 7 CFR 3565.110