---
kind: "section"
citation: "7 C.F.R. § 1942.122"
title: "7"
number: "1942.122"
heading: "Actions prior to loan closing and start of construction."
url: "https://uscodex.org/cfr/7/1942.122"
---

# §1942.122. Actions prior to loan closing and start of construction.

- (a) **Excess Agency loan funds.** Loans under this subpart are subject to the provisions of [§ 1942.17 (n)(1)](/cfr/7/1942.17.md?p=n-1) of [subpart A](/cfr/7/subpartA.md) of this part 1942.
- (b) **Loan resolutions.** Loans under this subpart are subject to the provisions of [§ 1942.17 (n)(2)](/cfr/7/1942.17.md?p=n-2) of [subpart A](/cfr/7/subpartA.md) of this part 1942.
- (c) **Interim financing.** Loans under this subpart are subject to the provisions of [§ 1942.17 (n)(3)](/cfr/7/1942.17.md?p=n-3) of [subpart A](/cfr/7/subpartA.md) of this part 1942.
- (d) **Applicant contribution.** Loans under this subpart are subject to the provisions of [§ 1942.17 (n)(5)](/cfr/7/1942.17.md?p=n-5) of [subpart A](/cfr/7/subpartA.md) of this part 1942 this chapter.
- (e) **Evidence of and disbursement of other funds.** Loans under this subpart are subject to the provisions of [§ 1942.17 (n)(6)](/cfr/7/1942.17.md?p=n-6) of [subpart A](/cfr/7/subpartA.md) of this part 1942.
- (f) **Assurance agreement.** All applicants must execute Form RD 400-4, “Assurance Agreement,” at or before loan closing.

## Notes

### Source

Source: 52 FR 43726, Nov. 16, 1987, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989.