7 CFR § 3565.212 - Multiple guaranteed loans.
---
identifier: "/us/cfr/t7/s3565.212"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3565.212 - Multiple guaranteed loans."
title_number: 7
title_name: "Agriculture"
section_number: "3565.212"
section_name: "Multiple guaranteed loans."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3565"
part_name: "GUARANTEED RURAL RENTAL HOUSING PROGRAM"
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; 42 U.S.C. 1480."
regulatory_source: "63 FR 39458, July 22, 1998, unless otherwise noted."
cfr_part: "3565"
---
# 3565.212 Multiple guaranteed loans.
The Agency may guarantee more than one loan on any project if all guaranteed loans, in the aggregate, comply with these regulations, including without limitation:
(a) In the aggregate, loans do not exceed the maximum guaranteed loan amount and loan-to-value limits, as contained in § 3565.204;
(b) In the aggregate, loans are all to be secured equally by a first lien as the Agency may, at its sole discretion, determine necessary to ensure repayment of the loans; and
(c) If different lenders originate the loans, each lender has executed an intercreditor agreement in form and substance acceptable to the Agency.
[63 FR 39458, July 22, 1998, as amended at 70 FR 2931, Jan. 19, 2005]