Except as specified in paragraphs (a) and (b) of this section, all loans guaranteed under this subpart must be in compliance with the provisions found in §4287.101(b) and in §§4287.107 through 4287.199 of this chapter.

(a) Documentation of request. In complying with §4287.134(a) of this chapter, all transfers and assumptions must be to eligible borrowers in accordance with §4280.127.

(b) Additional loan funds. In complying with §4287.134(e) of this chapter, loans to provide additional funds in connection with a transfer and assumption must be considered as a new loan application under §4280.137.