7 U.S.C. § 937 : US Code - Section 937: Loans from other credit sources

Search 7 U.S.C. § 937 : US Code - Section 937: Loans from other credit sources

When it appears to the Secretary that the loan applicant is able
to obtain a loan for part of his credit needs from a responsible
cooperative or other credit source at reasonable rates and terms
consistent with the loan applicant's ability to pay and the
achievement of this chapter's objectives, he may request the loan
applicant to apply for and accept such a loan concurrently with an
insured loan, subject, however, to full use being made by the
Secretary of the funds made available hereunder for such insured
loans under this subchapter. The Secretary may not request any
applicant for an electric loan under this chapter to apply for and
accept a loan in an amount exceeding 30 percent of the credit needs
of the applicant.