Oversight and monitoring.

CFR · 2024-01-01 · US · Title 7

The Agency will employ various oversight and monitoring activities in order to ensure compliance with this part. All lenders involved in any manner with any loan note guarantee issued under this part or under a loan note guaranteed previously issued under a guaranteed loan program identified in § 5001.1 of this part must cooperate fully with the Agency in its oversight and monitoring efforts, including, but not necessarily limited to, those identified in paragraphs (a) through (c) of this section. (a) (1) (2) (3) (i) Loan agreement violation by any borrower, including when the borrower is 30 days past due or is otherwise in default of the covenants in the loan agreement; (ii) Permanent or temporary reduction in the interest rate; (iii) Downgrade in the lender's loan classification of any guaranteed loan; and (iv) Protective advances in accordance with § 5001.516. (4) (b) (2) (c) (d)

official document · source cfr-2024 · id 7:§ 5001.502