Current as of October 03, 2022 | Updated by FindLaw Staff
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(a) Borrowers must immediately report, in writing, all irregularities and all indications or instances of illegal acts in its operations, whether material or not, to RUS and the Office of the Inspector General (OIG). See 7 CFR 1773.9(c)(3) for OIG addresses. The reporting requirements for borrowers are the same as those for CPA's set forth in § 1773.9.
(b) Borrowers are required to make full disclosure to the bonding company of the dishonest or fraudulent acts.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1788.4 Disclosure of irregularities and illegal acts - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1788-4/
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