CFR 7-1717.860-2014
Agriculture. Part1717:Post-loan policies and procedures common to insured and guaranteed electric loans. SubpartR:Lien accommodations and subordinations for 100 percent private financing. Section1717.860:Lien accommodations and subordinations under sectio

Scope: (a) General. Under section 306E of the RE Act, when requested by a private lender providing financing for capital investments by a borrower whose net worth exceeds 110 percent of the outstanding principal balance of all loans made or guaranteed to the borrower by RUS, the Administrator will, without delay, offer to share the government’s lien on the borrower’s system or subordinate the government’s lien on the property financed by the private lender, provided that the security, including the assurance of repayment, for loans made or guaranteed by RUS will remain reasonably adequate. To qualify for a lien accommodation or subordination under this section, the investment must be an original capital investment, i.e., not a refinancing or refunding.

CFR 7-1717.860-2014 history

2014 CFR 7-1717.860-2014 Agriculture. Part1717:Post-loan policies and procedures common to insured and guaranteed electric loans. SubpartR:Lien accommodations and subordinations for 100 percent private financing. Section1717.860:Lien accommodations and subordinations under sectio