Intermediary's loan application.

CFR · 2024-01-01 · US · Title 7

(a) The intermediary's loan application will consist of: (1) An application form provided by the Agency; (2) A relending plan addressing the items in § 769.157; (3) A copy of the intermediary's certification as a community development financial institution; (4) A signed form, to be provided by the Agency, assuring the intermediary's compliance and continued compliance with Title IX of the Education Amendments of 1972 (20 U.S.C. 1681-1688) and Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d-1-2000d-7); (5) Other evidence the Agency requires to determine that the intermediary satisfies the eligibility requirements in § 769.152, and that the intermediary's proposed relending plan is feasible and meets the objectives of HPRP; (6) Documentation of the intermediary's ability to administer the HPRP loan funds in accordance with this subpart; and (7) The name(s) of attorneys or any third parties involved with the application process. (b) Prior to loan approval and advancing funds, the intermediary must certify that: (1) The intermediary and its officers, or agents are not delinquent on any Federal debt, including, but not limited to, federal income tax obligations, federal loan or loan guarantee, or obligation from another Federal agency. If delinquent, the intermediary must provide in writing the reasons for the delinquency, and the Agency will take this into consideration in deciding whether to approve the loan or advance of funds; (2) The intermediary and its officers ha

official document · source cfr-2024 · id 7:§ 769.158