Current through November 30, 2024
Section 1942.122 - Actions prior to loan closing and start of construction(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.