§1710.603. Sequence of advances.
7 C.F.R. § 1710.603
Except as set forth in paragraph (b) of this section, concurrent loan funds will be advanced in the following order:
Fifty (50) percent of the RUS insured loan funds.
One hundred (100) percent of the supplemental loan funds.
The remaining amount of the RUS insured loan funds.
At the borrower's request and with RUS approval, all or part of the supplemental loan funds may be advanced before funds in paragraph (a)(1) of this section.
Notes, amendments, and revision history
Source
Source: 87 FR 73439, Nov. 30, 2022, unless otherwise noted.
Authority
Authority: 7 U.S.C. 901 et seq., 1921 et seq., and 6941 et seq.
Source
Source: 57 FR 1053, Jan. 9, 1992, unless otherwise noted.