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 D—Rural Microentrepreneur Assistance Program (§4280.301 to §4280.400) > 4280.321—Grant and loan servicing.

4280.321—Grant and loan servicing.

In addition to the ongoing oversight of the participating MDOs:
(a) Grants. Grants will be serviced in accordance with all applicable regulations:
(1) Department of Agriculture regulations including, but not limited to 7 CFR part 1951, subparts E and O, parts 3015, 3016, 3017, 3018, 3019, and 3052; and
(2) Office of Management and Budget (OMB) regulations including, but not limited to, 2 CFR parts 215, 220, 230, and OMB Circulars A-110 and A-133.
(b) Loans. Loans to microlenders will be serviced in accordance with the following:
(1) Department of Agriculture regulations 7 CFR part 1951, subparts E, O, and R;
(2) Other Department of Agriculture regulations as may be applicable; and
(3) OMB Circular A-129.