CFR 7-3555.257-2013
Agriculture. Part3555:Guaranteed rural housing program(eff.9-1-14). Section3555.257:Unauthorized assistance.

Standard No.
CFR 7-3555.257-2013
Release Date
2013
Published By
US-CFR-file
Latest
CFR 7-3555.257-2013
Scope
(a) Unauthorized assistance due to false information. (1) If the borrower receives a guaranteed loan based on false information provided by the borrower, Rural Development may require the lender to accelerate the guaranteed loan. After the lender accelerates the loan upon request, the lender may submit a claim for any loss. If the lender fails to accelerate the loan upon request, Rural Development may reduce or void the guarantee.

CFR 7-3555.257-2013 history

  • 2013 CFR 7-3555.257-2013 Agriculture. Part3555:Guaranteed rural housing program(eff.9-1-14). Section3555.257:Unauthorized assistance.



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