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Code of Federal Regulations Title 7. Agriculture § 7.1744.210 Effect of this subpart on RUS loan contract and mortgage

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) Except as expressly provided in this subpart, the borrower shall comply with all provisions of its loan contract with RUS, its notes issued to RUS, and the RUS mortgage, including all provisions thereof relating to investments not covered by this subpart.

(b) Nothing in this subpart shall affect any rights of supplemental lenders under the RUS mortgage, or other creditors of the borrower, to limit a borrower's investments, loans and guarantees to levels below those permitted in § 1744.202.

(c) As used in paragraph (b) of this section, supplemental lender means a creditor of the borrower, other than RUS, whose loan to the borrower is secured by the RUS mortgage.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1744.210 Effect of this subpart on RUS loan contract and mortgage - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1744-210/

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