Regulacje i polityka gospodarcza · 10/7/1997
Community Programs Guaranteed Loan Program
The Agencies are proposing to issue a new Community Programs (CP) guaranteed loan regulation (part 1980, subpart I) to replace the current regulation for the program. This action is needed to streamline and update the program. The intended effect is to simplify and clarify the regulation; shift some responsibility for loan documentation and analysis from the Government to the lenders; make the program more responsive to the needs of lenders, local community public bodies, and nonprofit corporations; and provide for smoother processing of applications.