FmHA Instruction 1980-E - USDA Rural Development
1980.423 Interest rates. 10A (a) Guaranteed loans. 10A ... the lender or lender's stockholder(s) or officer(s) must be based on an arm's-length transaction with the concurrence of Rural Development. (b) Personal and corporate guarantees. ... Hazard insurance with a standard mortgage clause naming the lender as beneficiary will be required on ... ................
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