Electronic Code of Federal Regulations

Title 7: Agriculture

PART 1910—GENERAL

Subpart A [Reserved]

Subpart B—Credit Reports (Individual)

Subpart C—Commercial Credit Reports

Source: 43 FR 56643, Dec. 4, 1978, unless otherwise noted.

Subpart A [Reserved]

Subpart B—Credit Reports (Individual)

Source: 49 FR 40790, Oct. 18, 1984, unless otherwise noted.

§1910.51   Purpose.

This subpart prescribes the policies and procedures of Rural Development for individual and joint type credit reports. Credit reports will be ordered to determine the eligibility of applicants requesting Rural Development loans. A nonrefundable fee will be charged the applicant. This subpart is inapplicable to Farm Service Agency, Farm Loan Programs.

[80 FR 9870, Feb. 24, 2015]

§1910.52   [Reserved]

§1910.53   Policy.

The County Supervisor will be responsible for ordering individual credit reports. These will be obtained on initial and rescheduled Farmer Program loans and on all initial Single Family Housing applications, except for those situations outlined in paragraph (c) of this section, to help determine the eligibility of the loan applicant, and when it appears the credit report will not have to be updated before loan closing.

[55 FR 46188, Nov. 2, 1990]

§§1910.54-1910.100   [Reserved]

Subpart C—Commercial Credit Reports

Source: 52 FR 6498, Mar. 4, 1987, unless otherwise noted.

§1910.101   Preface.

This subpart (§§1910.101 through 1910.150) describes the procedure to be used by Rural Development in obtaining commercial credit reports. A nonrefundable fee, set forth in §1910.106(d) of this Instruction will be collected from the applicant, general contractor or dealer contractor who is the subject of the report. This subpart is inapplicable to Farm Service Agency, Farm Loan Programs.

[52 FR 6498, Mar. 4, 1987, as amended at 72 FR 64122, Nov. 15, 2007; 80 FR 9870, Feb. 24, 2015]

§§1910.102-1910.150   [Reserved]