§3565.105. Lender compliance.
7 C.F.R. § 3565.105
A lender will remain an approved lender unless terminated by the Agency. To maintain approval, the lender must comply with the following requirements.
Comply with all applicable statutes, regulations, and procedures;
Inform the Agency of any material change in the lender's staffing, policies and procedures, or corporate structure;
Cooperate fully with all program or Agency monitoring and auditing policies and procedures, including the Agency's annual audit of approved lenders; and
Maintain active participation in the multifamily guaranteed loan program by initiating a new loan guarantee or holding a loan guaranteed under this program.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.
Source
Source: 63 FR 39458, July 22, 1998, unless otherwise noted.