Code of Federal Regulations · Section
§ 3565.213 — Geographic Distribution
7 C.F.R. § 3565.213
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The Agency may refuse to guarantee a loan in an area where there is undue risk due to a concentration in the market of properties subject to a Agency guaranteed loan. The Agency will consider the credit quality of the loan and overall market conditions in making a determination of undue risk. If any of the Agency guaranteed loans in the market are experiencing vacancy rates in excess of 15% and the vacancy is due to market conditions, the Agency will invoke this provision and not guarantee the loan.
Authorizing Statute
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Rules and regulations7 U.S.C. § 1989
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Administrative powers of Secretary42 U.S.C. § 1480
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Departmental regulations5 U.S.C. § 301