7 CFR § 4279.137 - Financial statements.

---
identifier: "/us/cfr/t7/s4279.137"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4279.137 - Financial statements."
title_number: 7
title_name: "Agriculture"
section_number: "4279.137"
section_name: "Financial statements."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4279"
part_name: "GUARANTEED LOANMAKING"
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; 7 U.S.C. 1989: 7 U.S.C. 1932(a); and Public Law 116-136, Division B, Title I."
regulatory_source: "61 FR 67633, Dec. 23, 1996, unless otherwise noted."
cfr_part: "4279"
---


# 4279.137 Financial statements.

Except for audited financial statements required by § 4279.71, the lender will determine the type and frequency of submission of financial statements by the borrower and any guarantors. At a minimum, annual financial statements prepared by an accountant in accordance with GAAP are required, except for personal financial statements and cooperative stock purchase loans in accordance with § 4279.115(a) that do not have to be prepared in accordance with GAAP. However, if the loan amount exceeds $10 million or if circumstances warrant, the Agency may require annual audited financial statements.