7 CFR 774.22 - Loan closing.
(a) Conditions. The applicant must meet all conditions specified by the loan approval official in the notification of loan approval prior to closing.
(b) Loan instruments and legal documents. The applicant will execute all loan instruments and legal documents required by the Agency to evidence the debt, perfect the required security interest in the bankruptcy claim, and protect the Government's interest, in accordance with applicable State and Federal laws. In the case of an entity applicant, all officers or partners and any board members also will be required to execute the promissory notes as individuals.
Title 7 published on 2014-01-01
no entries appear in the Federal Register after this date.