Common Contracts
1 similar null contracts
RBS and RUS, USDA § 4279.78April 2nd, 2012
secondary market or retain the entire loan. The lender shall not sell or par- ticipate any amount of the guaranteed or unguaranteed portion of the loan to the borrower or members of the bor- rower’s immediate families, officers, directors, stockholders, other owners, or a parent, subsidiary or affiliate. If the lender desires to market all or part of the guaranteed portion of the loan at or subsequent to loan closing, such loan must not be in default. Loans made with the proceeds of any obliga- tion the interest on which is excludable from income under 26 U.S.C. 103 (inter- est on State and local banks) or any successor section will not be guaran- teed.
