7 CFR § 3560.621 - Loan closing.

---
identifier: "/us/cfr/t7/s3560.621"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3560.621 - Loan closing."
title_number: 7
title_name: "Agriculture"
section_number: "3560.621"
section_name: "Loan closing."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3560"
part_name: "DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1480."
regulatory_source: "69 FR 69106, Nov. 26, 2004, unless otherwise noted."
cfr_part: "3560"
---


# 3560.621 Loan closing.

Applicants for on-farm labor housing loans must execute an Agency-approved loan agreement. In addition, if determined appropriate by the Agency, on-farm labor housing loans made on or after the effective date of this regulation may be subject to the restrictive-use provisions as stated in § 3560.72(a)(2)(ii). All other on-farm labor housing loans are subject to the restrictive-use provisions contained in their loan documents and as outlined in subpart N of this regulation.