---
kind: "section"
citation: "7 C.F.R. § 1740.79"
title: "7"
number: "1740.79"
heading: "Servicing of grants, loans and loan/grant combinations."
url: "https://uscodex.org/cfr/7/1740.79"
---

# §1740.79. Servicing of grants, loans and loan/grant combinations.

- (a) Awardees must make payments on the loan as required in the note and Award Documents.
- (b) Awardees must comply with all terms, conditions, affirmative covenants, and negative covenants contained in the Award Documents.
- (c) The sale or lease of any portion of the Awardee's facilities must be approved in writing by RUS prior to initiating the sale or lease.

## Notes

### Authority

Authority: 7 U.S.C. 1981(b)(4), 7 U.S.C. 901 et seq., 7 U.S.C. 950aaa et seq., and 7 U.S.C. 950cc.

### Source

Source: 86 FR 11609, Feb. 26, 2021, unless otherwise noted.