Preferred and certified lender programs.

CFR · 2024-01-01 · US · Title 7

(a) (i) The States in which they desire to receive PLP or CLP status and their branch offices which they desire to be considered by the Agency for approval; and (ii) Each item of the eligibility criteria for PLP or CLP approval in this section, as appropriate. (2) The lender may include any additional supporting evidence or other information the lender believes would be helpful to the Agency in making its determination. (3) The lender must send its request to the Agency State office for the State in which the lender's headquarters is located. (4) The lender must provide any additional information requested by the Agency to process a PLP or CLP request if the lender continues with the approval process. (b) (1) Qualify as a standard eligible lender under § 762.105; (2) Have a lender loss rate not in excess of the maximum CLP loss rate established by the Agency and published periodically in a (3) Have proven an ability to process and service Agency guaranteed loans by showing that the lender: (i) Submitted substantially complete and correct guaranteed loan applications; and (ii) Serviced all guaranteed loans according to Agency regulations; (4) Have made the minimum number of guaranteed OL, FO, CL, or SW loans established by the Agency and published periodically in a (5) Not be under any regulatory enforcement action such as a cease and desist order, written agreement, or an appointment of conservator or receiver, based upon financial condition; (6) Designate a qualified person

official document · source cfr-2024 · id 7:§ 762.106