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Code of Federal Regulations Title 7. Agriculture § 7.764.232 Eligibility requirements

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

(a) The applicant:

(1) Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section;

(2) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan;  and

(3) Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity:

(i) The entity is controlled by farmers engaged primarily and directly in farming in the United States;

(ii) The entity must be authorized to operate a farm in the State in which the farm is located.

(b) [Reserved]

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.764.232 Eligibility requirements - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-764-232/

Read this complete Code of Federal Regulations Title 7. Agriculture § 7.764.232 Eligibility requirements on Westlaw

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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