Agriculture. Part4274:Direct and insured loanmaking. SubpartD:Intermediary Relending Program (IRP). Section4274.361:Requests to make loans to ultimate recipients.
(a) An intermediary may use revolved funds to make loans to ultimate recipients in accordance with §4274.314(b) without obtaining prior Agency concurrence. Prior Agency concurrence is required when an intermediary proposes to use Agency IRP loan funds to make a loan to an ultimate recipient.