7 U.S.C. § 950b : US Code - Section 950B: Borrower net worth

Search 7 U.S.C. § 950b : US Code - Section 950B: Borrower net worth

Except as provided in subsection (b)(2) of section 948 of this
title, notwithstanding any other provision of law, a loan shall not
be made under section 922 of this title to any borrower which
during the immediately preceding year had a net worth in excess of
20 per centum of its assets unless the Secretary finds that the
borrower cannot obtain such a loan from the telephone bank or from
other reliable sources at reasonable rates of interest and terms
and conditions.