Security requirements for HFIL loans and the ultimate recipients.

CFR · 2024-01-01 · US · Title 7

(a) (1) Assignments of assessments, taxes, levies, or other sources of revenue as authorized by law; (2) Investments and deposits of the intermediary; and (3) Capital assets or other property of the intermediary and its members. (b) (c) (1) The Agency will only require concurrence in the intermediary lender's security requirement for a specific loan when security for the loan from the intermediary lender to the ultimate recipient will also serve as security for an Agency loan. (2) The ultimate recipient will take appropriate action to obtain and provide security for the loan.

official document · source cfr-2024 · id 7:§ 769.108