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Current as of January 02, 2025 | Updated by Findlaw Staff
A lender will remain an approved lender unless terminated by the Agency. To maintain approval, the lender must comply with the following requirements.
(a) Maintain eligibility in accordance with §§ 3565.102 and 3565.103;
(b) Comply with all applicable statutes, regulations, and procedures;
(c) Inform the Agency of any material change in the lender's staffing, policies and procedures, or corporate structure;
(d) Cooperate fully with all program or Agency monitoring and auditing policies and procedures, including the Agency's annual audit of approved lenders; and
(e) Maintain active participation in the multifamily guaranteed loan program by initiating a new loan guarantee or holding a loan guaranteed under this program.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.3565.105 Lender compliance - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-3565-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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