Guarantee fee.

CFR · 2024-01-01 · US · Title 7

The guarantee fee is a one-time, non-refundable fee paid by the lender to the Agency at or before loan closing and is required to be paid before the Agency will issue the loan note guarantee. The lender may pass the guarantee fee on to the borrower. (a) (b) (c) (d) (1) Is located in a rural community that— (i) Is a distressed community in accordance with the Economic Innovation Group distressed community index. The list can be found on the Agency's website at: (ii) Is experiencing long-term population decline according to the last three decennial censuses; (iii) Is in a persistent poverty county. A persistent poverty county is any county that has had 20 percent or more of its population living in poverty over the past 30 years, as measured by the 1990 and 2000 decennial census and 2007-2011 American Community Survey 5-year average, or any territory or possession of the United States; (iv) Is in a presidentially declared disaster area, declared within the 24 months preceding the date of the application, and is experiencing trauma as a result of natural disaster; (v) Is located in a city, county, or state with an unemployment rate, as determined by the Department of Labor, 125 percent or greater of the current national rate; or (vi) Is located within the boundaries of a federally recognized Indian tribe's reservation or within Tribal trust lands or within land owned by an Alaska Native Regional or Village Corporation as defined by the Alaska Native Claims Settlement Act. (2) Pr

official document · source cfr-2024 · id 7:§ 5001.454