Current as of October 03, 2022 | Updated by FindLaw Staff
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(a) Except as set forth in paragraph (b) of this section, concurrent loan funds will be advanced in the following order:
(1) 50 percent of the RUS insured loan funds;
(2) 100 percent of the supplemental loan funds;
(3) The remaining amount of the RUS insured loan funds.
(b) At the borrower's request and with RUS approval, all or part of the supplemental loan funds may be advanced before funds in paragraph (a)(1) of this section.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1714.57 Sequence of advances - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1714-57/
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