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Current as of October 02, 2022 | Updated by FindLaw Staff
(a) The Agency conducts a year-end analysis at its discretion or if the borrower:
(1) Has received any direct loan except for streamlined CLs, chattel subordination, or primary loan servicing action within the last year;
(2) Is financially distressed or delinquent;
(3) Has a loan deferred, excluding deferral of an installment under subpart B of part 766; or
(4) Is receiving a limited resource interest rate on any loan.
(b) To the extent practicable, the year-end analysis will be completed within 60 days after the end of the business year or farm budget planning period and must include:
(1) An analysis comparing actual income, expenses, and production to projected income, expenses, and production for the preceding production cycle; and
(2) An updated farm operating plan.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.761.105 Year-end analysis - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-761-105/
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 or via Westlaw before relying on it for your legal needs.
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