---
kind: "section"
citation: "7 C.F.R. § 764.232"
title: "7"
number: "764.232"
heading: "Eligibility requirements."
url: "https://uscodex.org/cfr/7/764.232"
---

# §764.232. Eligibility requirements.

- (a) **The applicant—**
  - (1) Must comply with general eligibility requirements specified in [§ 764.101](/cfr/7/764.101.md) except paragraphs [(e)](/cfr/7/764.101.md?p=e) and [(k)](/cfr/7/764.101.md?p=k) of that section;
  - (2) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and
  - (3) 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:
    - (i) The entity is controlled by farmers engaged primarily and directly in farming in the United States;
    - (ii) The entity must be authorized to operate a farm in the State in which the farm is located.
- (b) [Reserved]

## Notes

### 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.