7 CFR § 1744.62 - Introduction.

---
identifier: "/us/cfr/t7/s1744.62"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1744.62 - Introduction."
title_number: 7
title_name: "Agriculture"
section_number: "1744.62"
section_name: "Introduction."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1744"
part_name: "POST-LOAN POLICIES AND PROCEDURES COMMON TO GUARANTEED AND INSURED TELEPHONE LOANS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 901  1921  and 6941"
regulatory_source: "55 FR 39396, Sept. 27, 1990, unless otherwise noted."
cfr_part: "1744"
---


# 1744.62 Introduction.

RUS is under no obligation to make or approve advances of loan funds unless the borrower is in compliance with all terms and conditions of the loan documents. The borrower shall use funds in its construction fund only to make disbursements approved by RUS.