7 CFR § 764.232 - Eligibility requirements.

---
identifier: "/us/cfr/t7/s764.232"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 764.232 - Eligibility requirements."
title_number: 7
title_name: "Agriculture"
section_number: "764.232"
section_name: "Eligibility requirements."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "764"
part_name: "DIRECT LOAN MAKING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301 and 7 U.S.C. 1989."
regulatory_source: "72 FR 63298, Nov. 8, 2007, unless otherwise noted."
cfr_part: "764"
---


# 764.232 Eligibility requirements.

(a) The applicant:

(1) Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section;

(2) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and

(3) Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity:

(i) The entity is controlled by farmers engaged primarily and directly in farming in the United States;

(ii) The entity must be authorized to operate a farm in the State in which the farm is located.

(b) [Reserved]