Common Contracts
1 similar null contracts
RBS and RUS, USDA § 4279.77May 2nd, 2023
stockholders, other owners, or mem- bers of their immediate families. The lender cannot share any premium re- ceived from the sale of a guaranteed loan in the secondary market with a loan packager or other loan service provider. If the lender desires to mar- ket all or part of the guaranteed por- tion of the loan at or subsequent to loan closing, such loan must not be in default. Lenders may use either the single note or multi-note system as outlined in paragraphs (a) and (b) of this section. The lender may also ob- tain participation in the loan under its normal operating procedures; however, the lender must retain title to the notes if any of them are unguaranteed and retain the lender’s interest in the collateral.
