# 12 C.F.R. § 1808.604 (2026): Agreement to Guarantee

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_604

## Section

- **Citation:** 12 C.F.R. § 1808.604 (2026)
- **Heading:** Agreement to Guarantee
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter XVIII: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY / Part 1808: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM / Subpart F: Terms and Conditions of Guarantee / § 1808.604: § 1808.604   Agreement to Guarantee.

## Text

(a)
General.
The Qualified Issuer must enter into an Agreement to Guarantee that sets forth the terms and conditions on which the Guarantor will provide the Guarantee of the Bonds issued as part of a Bond Issue.
(b)
Terms and conditions.
The terms and conditions of the Agreement to Guarantee may include, but are not limited to, the following:
(1) The form and amount of Guarantee;
(2) Any prohibited amendments of Bond Documents or limitations on transfer of the Guarantee;
(3) Terms and conditions of the Risk-Share Pool and any Credit Enhancement that may be required by the CDFI Fund and the Guarantor;
(4) Provisions regarding the Agency Administrative Fee;
(5) Representations and warranties of the Qualified Issuer;
(6) Pledged security;
(7) Financial covenants;
(8) Events of default and remedies;
(9) Assignment of Bond Loans to the Guarantor;
(10) Guarantor payment does not discharge Qualified Issuer; subrogation;
(11) Undertakings for the benefit of the Bondholder including: notices, registration, prohibited amendments, prohibited transfers, and indemnification;
(12) Governing law;
(13) Terms and conditions of Bond Loans;
(14) Prohibition against subordination; and
(15) Such other matters as the Guarantor or the CDFI Fund may deem necessary or appropriate.
(c)
Access to funds.
In the event that the Qualified Issuer does not execute Bond Loan agreements for 100 percent of the Bond principal on the Bond Issue Date, the Qualified Issuer will have no further access to the amount of funds for which Bond Loan agreements were not executed.

## Nearby sections

- [12 C.F.R. § 1808.600 (2026) § 1808.600   Full faith and credit and incontestability of Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_600.md)
- [12 C.F.R. § 1808.601 (2026) § 1808.601   Assignment and transfer of Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_601.md)
- [12 C.F.R. § 1808.602 (2026) § 1808.602   Offer of Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_602.md)
- [12 C.F.R. § 1808.603 (2026) § 1808.603   Issuance of Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_603.md)
- [12 C.F.R. § 1808.604 (2026) § 1808.604   Agreement to Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_604.md)
- [12 C.F.R. § 1808.605 (2026) § 1808.605   Agency Administrative Fee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_605.md)
- [12 C.F.R. § 1808.606 (2026) § 1808.606   Program Administrator; Servicer; Master Servicer/Trustee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_606.md)
- [12 C.F.R. § 1808.607 (2026) § 1808.607   Representations and warranties of Qualified Issuer with respect to Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_607.md)
- [12 C.F.R. § 1808.608 (2026) § 1808.608   Representations and warranties of Eligible CDFI with respect to each Bond Loan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_608.md)
- [12 C.F.R. § 1808.609 (2026) § 1808.609   Representations and warranties of Secondary Borrower.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_609.md)
- [12 C.F.R. § 1808.610 (2026) § 1808.610   Covenants of Qualified Issuer with respect to Guarantee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_610.md)
- [12 C.F.R. § 1808.611 (2026) § 1808.611   Covenants of Eligible CDFI with respect to Bond and each Bond Loan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_611.md)
- [12 C.F.R. § 1808.612 (2026) § 1808.612   Specific financial covenants of Eligible CDFI.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_612.md)
- [12 C.F.R. § 1808.613 (2026) § 1808.613   Negative covenants of Eligible CDFI.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_613.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P1808_S1808_604. Check the current official text before relying on it. Not legal advice.