Current through Register Vol. XLI, No. 48, November 27, 2024
Section 61-33-1 - General1.1. Scope. -- The Rural Rehabilitation Loan Program is a program administered by the West Virginia Department of Agriculture. This legislative rule defines the Rural Rehabilitation Loan Program, establishes requirements for the Rural Rehabilitation Loan Committee, the minimum financial requirements for receiving a loan, requirements for loan usage, sufficient collateral, an application process, refinancing, delinquencies, restructuring distressed loans, collection proceedings, requirements for advertising the program and sets forth applicable interest rates.1.2.Authority. -- W. Va. Code § 19-1-11.1.3.Filing Date. -- April 15, 20221.4.Effective Date. - April 18, 20221.5.Sunset Date. -- This rule shall terminate and have no further force or effect on August 1, 2032.