Iowa Admin. Code r. 27-11.26

Current through Register Vol. 47, No.14, January 8, 2025

Rule 27-11.26 - Issuance of loan

(1)Loan payment to applicant. 27-subrule 10.74(4), Payment of financial incentive, of the Iowa financial incentive program for soil erosion control shall apply in its entirety. In addition, upon transfer of payment to the recipient(s), the district shall require the recipient to sign appropriate loan papers.

(2)Maintenance agreement. As a condition for receipt of a loan for permanent soil and water conservation practices, the owner of the land on which the practices have been installed shall agree to maintain those practices in accordance with the requirements of 27-subrule 10.74(5), Maintenance and performance agreements.

(3)Case files. A case file shall be assembled and maintained for each approved loan application. The file will be assembled and maintained in accordance with the requirements of 27-subrule 10.74(6), Case files.

Iowa Admin. Code r. 27-11.26