able to obtain sufficient credit elsewhere

(2)“able to obtain sufficient credit elsewhere” means able to obtain sufficient credit elsewhere to finance the applicant’s actual needs at reasonable rates and terms, taking into consideration prevailing private and cooperative rates and terms in the community in or near which the applicant resides for loans for similar purposes and periods of time.

Source

7 USC § 1961(d)(2)


Scoping language

For the purposes of this subchapter
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