Actions prior to loan closing and start of construction
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) Excess Agency loan funds. Loans under this subpart are subject to the provisions of § 1942.17 (n)(1) of subpart A of this part 1942.
(b) Loan resolutions. Loans under this subpart are subject to the provisions of § 1942.17 (n)(2) of subpart A of this part 1942.
(c) Interim financing. Loans under this subpart are subject to the provisions of § 1942.17 (n)(3) of subpart A of this part 1942.
(d) Applicant contribution. Loans under this subpart are subject to the provisions of § 1942.17 (n)(5) of subpart A of this part 1942 this chapter.
(e) Evidence of and disbursement of other funds. Loans under this subpart are subject to the provisions of § 1942.17 (n)(6) of subpart A of this part 1942.
(f) Assurance agreement. All applicants must execute Form RD 400-4, “Assurance Agreement,” at or before loan closing.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.