§764.232. Eligibility requirements.
7 C.F.R. § 764.232
The applicant—
Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section;
And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and
Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity:
The entity is controlled by farmers engaged primarily and directly in farming in the United States;
The entity must be authorized to operate a farm in the State in which the farm is located.
[Reserved]
Notes, amendments, and revision history
Source
Source: 75 FR 54015, Sept. 3, 2010, unless otherwise noted.
Authority
Authority: 5 U.S.C. 301 and 7 U.S.C. 1989.
Source
Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted.