---
kind: "section"
citation: "7 C.F.R. § 769.155"
title: "7"
number: "769.155"
heading: "Loan limitations."
url: "https://uscodex.org/cfr/7/769.155"
---

# §769.155. Loan limitations.

- (a) **For each application period—**
  - (1) Loans to intermediaries will not exceed $5,000,000 to any intermediary;
  - (2) Loans to ultimate recipients will not exceed the loan limit for a Direct Farm Ownership loan as specified in [§ 761.8(a)(1)(i)](/cfr/7/761.8.md?p=a-1-i) of this chapter to any ultimate recipient.
- (b) Loans to the ultimate recipient may not be used:
  - (1) For any land improvement, development purpose, acquisition or repair of buildings, acquisition of personal property, payment of operating costs, payment of finders' fees, or similar costs;
  - (2) For any purpose that will contribute to excessive erosion of highly erodible land or for the conversion of wetlands to produce an agricultural commodity as specified in [7 CFR part 12](/cfr/7/part12.md); or
  - (3) To resolve heirs' property issues on property that will not be used, or has traditionally not been used, for production agricultural purposes.
- (c) The HPRP loan amount may not exceed the current market value of the land determined by an appraisal that meets the requirements specified in [§ 761.7(b)(1)](/cfr/7/761.7.md?p=b-1) of this chapter; and
- (d) Intermediaries who receive HPRP funding are not permitted to charge the ultimate recipients for mediation services provided through grants received under the Agency's State Agriculture Mediation Program ([part 785](/cfr/7/part785.md) of this chapter).

## Notes

### Source

Source: 86 FR 43393, Aug. 9, 2021, unless otherwise noted.

### 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.