Lender failure.

CFR · 2024-01-01 · US · Title 7

(a) (1) Any successor lender must take such action that a reasonable lender would take if it did not have a loan note guarantee to protect the lender and Agency's mutual interest. (2) A successor entity approved by the Agency as a lender will be afforded the benefits of the loan note guarantee in the sharing of any loss and eligible expenses subject to the limits that are set forth in the regulations governing the loan guarantee. (b) (c) (d)

official document · source cfr-2024 · id 7:§ 5001.514