Loan application documents.

CFR · 2024-01-01 · US · Title 7

(a) (1) (i) The amount of loan and loan type. The sources and amounts of any supplemental or other financing. For an insured loan, a statement of whether the application is for a municipal rate loan, with or without the interest rate cap, or a hardship loan. If the application is for a municipal rate loan, the board resolution must indicate whether the borrower intends to elect the prepayment option. See 7 CFR 1714.4(c); (ii) The Maturity Date/Term of the Loan in number of years (useful life to determine maximum); (iii) A short description of the purpose of the loan, (iv) Method of Amortization; (v) The Borrower's Unique Entity Identifier; (vi) The Borrower's Organization Number from its State Corporation Commission or similar entity; (vii) The Borrower's Exact Legal Name (please state the legal name and identify the legal document used to state the name or attach such document; (viii) List of current counties and Tribal lands where real property is located; (ix) Attach current property schedule; (x) Identify any new counties and Tribal lands with property since last loan; (xi) Authorized/registered place of business; (xii) Debt Limit; (xiii) Identify any State or Tribal regulatory approvals needed; (xiv) List any subsidiaries; (xv) Identify any material financial or other material change since last loan, including a list of any pending litigation and where there is insurance to cover such; (xvi) Breakdown of loan funds by State and Tribal lands; (xvii) Construction Work Plan

official document · source cfr-2024 · id 7:§ 1710.501