# 7 C.F.R. § 1980.419 (2026): Eligible lenders

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T7_P1980_S1980_419

## Section

- **Citation:** 7 C.F.R. § 1980.419 (2026)
- **Heading:** Eligible lenders
- **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 / § 1980.419: § 1980.419   Eligible lenders.

## Text

[See Subpart A, § 1980.13.]
Administrative
A.
Par (a) of subpart A, § 1980.13
requires National Office approval for any variations.
B.
Par (b)(4) of subpart A, § 1980.13,
State Director submits information to National Office with recommendations.
C. With prior written approval of the Rural Development National Office, a new eligible lender may be substituted for the original lender provided the new lender agrees to assume all original loan requirements including liabilities, servicing responsibilities and acquiring legal title to the unguaranteed portion of the loan. Such approval will be granted by the National Office only when a lender discontinues lending operations or other extreme situations require a substitution of lender. If approved by the National Office, the State Director will submit to the Finance Office Form RD 1980-42. “Notice of Substitution of Lender.”

## 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_419. Check the current official text before relying on it. Not legal advice.