Common Contracts
2 similar null contracts
agree otherwise) and one note issued for the unguaranteed portion.January 21st, 2020
ContractMarch 13th, 2013
The lender may retain all of the guaranteed loan. The lender must not sell or participate any amount of the guaranteed or non-guaranteed portion of the loan to the borrower or to mem- bers of the borrower’s immediate fami- lies, the borrower’s officers, directors, stockholders, other owners, or a sub- sidiary or affiliate. Disposition of the guaranteed portion of a loan may not be made prior to full disbursement, completion of construction, and acqui- sition of real estate and equipment without the prior written approval of the Agency. If the lender desires to market all or part of the guaranteed portion of the loan at, or subsequent to, loan closing, the loan must not be in default.
