Negligent loan origination.

Negligent loan origination. The failure of a lender to perform those services that a reasonably prudent lender would perform in originating its own portfolio of loans that are not guaranteed. The term includes the concepts of failure to act, not acting in a timely manner, or acting in a manner contrary to the manner in which a reasonably prudent lender would act.

Source

7 CFR § 4279.2

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Scoping language

Definitions. The following definitions apply to this subpart:

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