Submission to National Office Sample Clauses

Submission to National Office. If the State Director concurs in the making of the loan, he will submit the original and one copy of the loan docket to the Administrator with the transmittal memorandum including his recommen­ dations. § 1823.199 Loan approval and loan clos­ ing.

Submission to National Office. In those cases where the proposed transfer cannot be made in compliance with paragraphs (a) and (b) or (c) of this sec- tion, the State Director may submit the entire proposal, complete with all the case files, the State Director’s spe- cific recommendations and justifica- tions to the National Office for review, consideration, and any special instruc- tions for handling the account(s). The State Director must have determined prior to submission however, that it is in the best interest of the FmHA or its successor agency under Public Law 103– 354 to permit the transfer before sub- mitting the proposal for consideration. All transfers where the total indebted- ness (principal and interest) exceed the State Director’s approval authority must be submitted to the National Of- fice for prior review and authorization to approve the transfer request.