(a) Purpose. This part describes the Agency's policies for making direct FLP loans.

(b) Types of loans. The Agency makes the following types of loans:

(1) FO, including ML and Downpayment loans;

(2) OL, including ML and Youth loans;

(3) EM; and

(4) CL.

[72 FR 63298, Nov. 8, 2007, as amended at 75 FR 54015, Sept. 3, 2010; 78 FR 3835, Jan. 17, 2013; 81 FR 3292, Jan. 21, 2016]