# 7 CFR § 1980.413: Transactions which will not be guaranteed

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.413

## Section

- **Citation:** 7 CFR § 1980.413
- **Heading:** Transactions which will not be guaranteed
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—Agriculture > Subtitle B—Regulations of the Department of Agriculture > CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE > SUBCHAPTER H—PROGRAM REGULATIONS > PART 1980—GENERAL > Subpart E—Business and Industrial Loan Program

## Text

(a) The following transactions will not be guaranteed by the Agency:
(1) The guarantee of lease payments.
(2) The guarantee of loans made by other Federal agencies. This does not preclude the guaranteeing of loans made by the Bank for Cooperatives, Federal Land Bank, or Production Credit Association.
(3) The guarantee or making of any B&I loans(s), to any one borrower, when the total amount of the B&I loans(s) requested plus the outstanding balance of any existing B&I loan(s) is in excess of $10 million.
(b) Guaranteeing of loans involved in tax-exempt obligations under § 1980.23 of subpart A of this part.
Administrative
The State Director will consider the overall State allocations of funding authority in recommending loans for processing. Loan requests which fall within Small Business Administration (SBA) authority should continue to be referred to SBA. If the State Director decides to process SBA size loans, the loan file must be fully documented as to the reasons for such actions.
[52 FR 6501, Mar. 4, 1987, as amended at 53 FR 40401, Oct. 17, 1988]

## Nearby sections

- [7 CFR § 1980.401 § 1980.401 Introduction.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.401.md)
- [7 CFR § 1980.402 § 1980.402 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.402.md)
- [7 CFR § 1980.403 § 1980.403 Citizenship of borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.403.md)
- [7 CFR § 1980.405 § 1980.405 Rural areas.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.405.md)
- [7 CFR § 1980.411 § 1980.411 Loan purposes.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.411.md)
- [7 CFR § 1980.412 § 1980.412 Ineligible loan purposes.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.412.md)
- [7 CFR § 1980.413 § 1980.413 Transactions which will not be guaranteed.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.413.md)
- [7 CFR § 1980.414 § 1980.414 Fees and charges by lender and others.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.414.md)
- [7 CFR § 1980.419 § 1980.419 Eligible lenders.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.419.md)
- [7 CFR § 1980.420 § 1980.420 Loan guarantee limits.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.420.md)
- [7 CFR § 1980.423 § 1980.423 Interest rates.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.423.md)
- [7 CFR § 1980.424 § 1980.424 Term of loan repayment.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.424.md)
- [7 CFR § 1980.425 § 1980.425 Availability of credit from other sources.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.425.md)
- [7 CFR § 1980.432 § 1980.432 Environmental review requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.432.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1980.413. Check the current official text before relying on it. Not legal advice.