7 CFR § 1942.122 - Actions prior to loan closing and start of construction.

---
identifier: "/us/cfr/t7/s1942.122"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1942.122 - Actions prior to loan closing and start of construction."
title_number: 7
title_name: "Agriculture"
section_number: "1942.122"
section_name: "Actions prior to loan closing and start of construction."
chapter_name: "RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
subchapter_number: "H"
subchapter_name: "PROGRAM REGULATIONS"
part_number: "1942"
part_name: "ASSOCIATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 7 U.S.C. 1989."
cfr_part: "1942"
---


# 1942.122 Actions prior to loan closing and start of construction.

(a) *Excess Agency loan funds.* Loans under this subpart are subject to the provisions of § 1942.17 (n)(1) of subpart A of this part 1942.

(b) *Loan resolutions.* Loans under this subpart are subject to the provisions of § 1942.17 (n)(2) of subpart A of this part 1942.

(c) *Interim financing.* Loans under this subpart are subject to the provisions of § 1942.17 (n)(3) of subpart A of this part 1942.

(d) *Applicant contribution.* Loans under this subpart are subject to the provisions of § 1942.17 (n)(5) of subpart A of this part 1942 this chapter.

(e) *Evidence of and disbursement of other funds.* Loans under this subpart are subject to the provisions of § 1942.17 (n)(6) of subpart A of this part 1942.

(f) *Assurance agreement.* All applicants must execute Form RD 400-4, “Assurance Agreement,” at or before loan closing.