7 C.F.R. § 1980.473
Current through October 31, 2024
(Refer to paragraph XIII of Form RD 449-35.)
Administrative
Only the State Director shall approve within his/her loan approval authority additional nonguaranteed loans or advances prior to or subsequent to the issuance of the Loan Note Guarantee. The State Director shall determine that there will be no adverse changes in the borrower's financial situation and that such loan or advance is not likely to adversely affect the collateral or the guaranteed loan.
7 C.F.R. §1980.473