Business and Industry Guaranteed Loan Program; Technical Correction
rural-development · Rural Utilities Service · Rule · Published 2007-03-19 · Effective 2007-03-19 · 72 FR 12704
Document
Document number
E7-4920
Federal Register citation
72 FR 12704
CFR reference
7 CFR 4279
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
2007-03-19
Effective date
2007-03-19
Abstract
The Rural Business-Cooperative Service (RBS) is revising its program regulations to correct an inadvertent omission in a sentence concerning eligibility of debt refinancing. The words "existing lender debt" will be added to a sentence that currently limits refinancing to less than 50 percent of the overall loan. The intended effect is to limit existing lender debt refinancing to less than 50 percent of the overall loan.