---
kind: "section"
citation: "7 C.F.R. § 764.54"
title: "7"
number: "764.54"
heading: "Preferences when there is limited funding."
url: "https://uscodex.org/cfr/7/764.54"
---

# §764.54. Preferences when there is limited funding.

- (a) **First priority.** When there is a shortage of loan funds, approved applications will be funded in the order of the date the application was received, whether or not complete.
- (b) **Secondary priorities.** If two or more applications were received on the same date, the Agency will give preference to:
  - (1) First, an applicant who is a veteran of any war;
  - (2) **Second, an applicant who is not a veteran, but—**
    - (i) Has a dependent family;
    - (ii) Is able to make a down payment; or
    - (iii) **Owns livestock and farm implements necessary to farm successfully.**
  - (3) **Third, to other eligible applicants.**

## Notes

### Amendments

[72 FR 63298, Nov. 8, 2007, as amended at 86 FR 43391, Aug. 9, 2021]

### 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 86 FR 43391, Aug. 9, 2021]