# 7 CFR § 764.53: Processing the complete application

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-764.53

## Section

- **Citation:** 7 CFR § 764.53
- **Heading:** Processing the complete application
- **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 VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE > SUBCHAPTER D—SPECIAL PROGRAMS > PART 764—DIRECT LOAN MAKING > Subpart B—Loan Application Process

## Text

Upon receiving a complete loan application, the Agency will:
(a) Consider the loan application in the order received, based on the date the application was determined to be complete.
(b) Provide written notice to the applicant that the application is complete.
(c) Within 60 calendar days after receiving a complete loan application, the Agency will complete the processing of the loan request and notify the applicant of the decision reached, and the reason for any disapproval.
(d) Except for CL requests, if based on the Agency's review of the application, it appears the applicant's credit needs could be met through the guaranteed loan program, the Agency will assist the applicant in securing guaranteed loan assistance under the market placement program as specified in § 762.110(h) of this chapter.
(e) In the absence of funds for a direct loan, the Agency will keep an approved loan application on file until funding is available. At least annually, the Agency will contact the applicant to determine if the Agency should retain the application or if the applicant wants the application withdrawn.
(f) If funding becomes available, the Agency will resume processing of approved loans in accordance with this part.
[72 FR 63298, Nov. 8, 2007, as amended at 75 FR 54015, Sept. 3, 2010]

## Nearby sections

- [7 CFR § 764.1 § 764.1 Introduction.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.1.md)
- [7 CFR § 764.2 § 764.2 Abbreviations and definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.2.md)
- [7 CFR § 764.51 § 764.51 Loan application.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.51.md)
- [7 CFR § 764.52 § 764.52 Processing an incomplete application.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.52.md)
- [7 CFR § 764.53 § 764.53 Processing the complete application.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.53.md)
- [7 CFR § 764.54 § 764.54 Preferences when there is limited funding.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.54.md)
- [7 CFR § 764.101 § 764.101 General eligibility requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.101.md)
- [7 CFR § 764.102 § 764.102 General limitations.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.102.md)
- [7 CFR § 764.103 § 764.103 General security requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.103.md)
- [7 CFR § 764.104 § 764.104 General real estate security requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.104.md)
- [7 CFR § 764.105 § 764.105 General chattel security requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.105.md)
- [7 CFR § 764.106 § 764.106 Exceptions to security requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.106.md)
- [7 CFR § 764.107 § 764.107 General appraisal requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.107.md)
- [7 CFR § 764.108 § 764.108 General insurance requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-764.108.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-764.53. Check the current official text before relying on it. Not legal advice.