7 CFR § 769.163

7 CFR · Agriculture

§ 769.163 — Loan closing.

7 CFR § 769.163

TitleTitle 7: Agriculture PartPart 769: Farm Loan Programs Relending Programs

SourceeCFR (current through Apr 9, 2026)

This text of 7 C.F.R. § 769.163 (Loan closing.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

7 C.F.R. § 769.163 (2026).

Text

§ 769.163 Loan closing.

(a)HPRP loan documents and security instruments. At loan closing, the intermediary will execute the HPRP loan agreement or supplemental loan agreement, HPRP promissory note, the HPRP security agreement, the control agreement, and any other security instruments required by the Agency.

(b)Intermediary certification. At loan closing, the intermediary must certify that:

(1)No changes have been made in the intermediary's relending plan except those approved in the interim by the Agency;

(2)All requirements in the letter of conditions have been met; and

(3)There has been no material change in the intermediary or its financial condition since the issuance of the letter of conditions. If there have been changes, the intermediary must explain the changes to the Agen

Free access — add to your briefcase to read the full text and ask questions with AI

§ 769.163 Loan closing.

(a) HPRP loan documents and security instruments. At loan closing, the intermediary will execute the HPRP loan agreement or supplemental loan agreement, HPRP promissory note, the HPRP security agreement, the control agreement, and any other security instruments required by the Agency.

(b) Intermediary certification. At loan closing, the intermediary must certify that:

(1) No changes have been made in the intermediary's relending plan except those approved in the interim by the Agency;

(2) All requirements in the letter of conditions have been met; and

(3) There has been no material change in the intermediary or its financial condition since the issuance of the letter of conditions. If there have been changes, the intermediary must explain the changes to the Agency. The Agency will review the changes and respond in writing prior to loan closing.