---
kind: "section"
citation: "7 C.F.R. § 3565.212"
title: "7"
number: "3565.212"
heading: "Multiple guaranteed loans."
url: "https://uscodex.org/cfr/7/3565.212"
---

# §3565.212. Multiple guaranteed loans.


The Agency may guarantee more than one loan on any project if all guaranteed loans, in the aggregate, comply with these regulations, including without limitation:

- (a) In the aggregate, loans do not exceed the maximum guaranteed loan amount and loan-to-value limits, as contained in [§ 3565.204](/cfr/7/3565.204.md);
- (b) In the aggregate, loans are all to be secured equally by a first lien as the Agency may, at its sole discretion, determine necessary to ensure repayment of the loans; and
- (c) If different lenders originate the loans, each lender has executed an intercreditor agreement in form and substance acceptable to the Agency.

## Notes

### Amendments

[63 FR 39458, July 22, 1998, as amended at 70 FR 2931, Jan. 19, 2005]

### 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.

### Amendments

[63 FR 39458, July 22, 1998, as amended at 70 FR 2931, Jan. 19, 2005]