---
kind: "section"
citation: "7 C.F.R. § 769.111"
title: "7"
number: "769.111"
heading: "Loan approval and obligating funds."
url: "https://uscodex.org/cfr/7/769.111"
---

# §769.111. Loan approval and obligating funds.

- (a) Loan requests will be processed based on the date the Agency receives the application. Loan approval is subject to the availability of funds.
- (b) The loan will be considered approved for the intermediary lender on the date the signed copy of the obligation of funds document is mailed to the intermediary lender.

## Notes

### Authority

Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 25 U.S.C. 488.

### Source

Source: 80 FR 74970, Dec. 1, 2015, unless otherwise noted.