---
kind: "section"
citation: "7 C.F.R. § 764.452"
title: "7"
number: "764.452"
heading: "Borrower training requirements."
url: "https://uscodex.org/cfr/7/764.452"
---

# §764.452. Borrower training requirements.

- (a) The applicant must agree to complete financial management training, unless the Agency provides a waiver in accordance with [§ 764.453](/cfr/7/764.453.md), or the applicant has previously satisfied the training requirements. In the case of an entity:
  - (1) Any individual member holding a majority interest in the entity or who is operating the farm must complete training on behalf of the entity, except as provided in [paragraph (a)(2)](#a-2) of this section;
  - (2) If one entity member is solely responsible for financial management, then only that member will be required to complete training.
- (b) When the Agency determines that financial management training is required, the applicant must agree to complete course work covering all aspects of farm accounting and integrating accounting elements into a financial management system.
- (c) Even if a waiver is granted, the borrower must complete borrower training as a condition for future loans if and when Agency supervision provided in [7 CFR part 761](/cfr/7/part761.md) [subpart C](/cfr/7/subpartC.md) reflects that such training is needed.
- (d) **The Agency cannot reject a request for a direct loan based solely on an applicant's need for training.**
- (e) The Agency will provide written notification of required training or waiver of training.

## Notes

### Amendments

[72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted. Redesignated at 75 FR 54015, Sept. 3, 2010.

### Authority

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

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted.

### Amendments

[72 FR 63298, Nov. 8, 2007, as amended at 89 FR 65041, Aug. 8, 2024]