StacksVerified U.S. regulatory reference

7 CFR §1980.413

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The following transactions will not be guaranteed by the Agency:
    1. (1)The guarantee of lease payments.
    2. (2)The guarantee of loans made by other Federal agencies. This does not preclude the guaranteeing of loans made by the Bank for Cooperatives, Federal Land Bank, or Production Credit Association.
    3. (3)The guarantee or making of any B&I loans(s), to any one borrower, when the total amount of the B&I loans(s) requested plus the outstanding balance of any existing B&I loan(s) is in excess of $10 million.
  2. (b)Guaranteeing of loans involved in tax-exempt obligations under § 1980.23 of subpart A of this part.