CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XLII—RURAL BUSINESS-COOPERATIVE SERVICE AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE (parts 4274 to 4290) > PART 4280—LOANS AND GRANTS > SUBPART B—Renewable Energy Systems and Energy Efficiency Improvements Program (§4280.101 to §4280.200) > 4280.153—Substitution of lender.

4280.153—Substitution of lender.

(a) All substitutions of lenders must comply with § 4287.135(a)(2) and (b) of this chapter and paragraph (b) of this section.
(b) The Agency may approve the substitution of a new lender if the proposed substitute lender:
(1) Is an eligible lender in accordance with § 4280.130 ;
(2) Is able to service the loan in accordance with the original loan documents; and
(3) Acquires title to the unguaranteed portion of the loan held by the original lender and assumes all original loan requirements, including liabilities and servicing responsibilities.