# 7 C.F.R. § 1980.403 (2026): Citizenship of borrowers

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_403

## Section

- **Citation:** 7 C.F.R. § 1980.403 (2026)
- **Heading:** Citizenship of borrowers
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 7 CFR: Agriculture / Chapter XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE / Part 1980: GENERAL / Subpart E: Business and Industrial Loan Program / § 1980.403: § 1980.403   Citizenship of borrowers.

## Text

Loans to individuals will be made or guaranteed only to those who are citizens of the United States or reside in the United States after being legally admitted for permanent residence. At least 51 percent of the outstanding interest in any corporation or organization-type applicant must be owned by those who are either citizens of the United States or reside in the United States after being legally admitted for permanent residence.

## Nearby sections

- [7 C.F.R. § 1980.401 (2026) § 1980.401   Introduction.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_401.md)
- [7 C.F.R. § 1980.402 (2026) § 1980.402   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_402.md)
- [7 C.F.R. § 1980.403 (2026) § 1980.403   Citizenship of borrowers.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_403.md)
- [7 C.F.R. § 1980.405 (2026) § 1980.405   Rural areas.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_405.md)
- [7 C.F.R. § 1980.411 (2026) § 1980.411   Loan purposes.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_411.md)
- [7 C.F.R. § 1980.412 (2026) § 1980.412   Ineligible loan purposes.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_412.md)
- [7 C.F.R. § 1980.413 (2026) § 1980.413   Transactions which will not be guaranteed.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_413.md)
- [7 C.F.R. § 1980.414 (2026) § 1980.414   Fees and charges by lender and others.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_414.md)
- [7 C.F.R. § 1980.419 (2026) § 1980.419   Eligible lenders.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_419.md)
- [7 C.F.R. § 1980.420 (2026) § 1980.420   Loan guarantee limits.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_420.md)
- [7 C.F.R. § 1980.423 (2026) § 1980.423   Interest rates.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_423.md)
- [7 C.F.R. § 1980.424 (2026) § 1980.424   Term of loan repayment.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_424.md)
- [7 C.F.R. § 1980.425 (2026) § 1980.425   Availability of credit from other sources.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_425.md)
- [7 C.F.R. § 1980.432 (2026) § 1980.432   Environmental review requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_432.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_403. Check the current official text before relying on it. Not legal advice.