Code of Federal Regulations (alpha)

CFR /  Title 7  /  Part 1942  /  Sec. 1942.122 Actions prior to loan closing and start of construction.

(a) Excess FmHA or its successor agency under Public Law 103-354 loan funds. Loans under this subpart are subject to the provisions of Sec. 1942.17 (n)(1) of subpart A of this part 1942.

(b) Loan resolutions. Loans under this subpart are subject to the provisions of Sec. 1942.17 (n)(2) of subpart A of this part 1942.

(c) Interim financing. Loans under this subpart are subject to the provisions of Sec. 1942.17 (n)(3) of subpart A of this part 1942.

(d) Applicant contribution. Loans under this subpart are subject to the provisions of Sec. 1942.17 (n)(5) of subpart A of this part 1942 this chapter.

(e) Evidence of and disbursement of other funds. Loans under this subpart are subject to the provisions of Sec. 1942.17 (n)(6) of subpart A of this part 1942.

(f) Assurance agreement. All applicants must execute Form FmHA or its successor agency under Public Law 103-354 400-4, ``Assurance Agreement,'' at or before loan closing.