Title 10 Part 611 → Subpart B → §611.110

Title 10 → Chapter II → Subchapter H → Part 611 → Subpart B → §611.110

Electronic Code of Federal Regulations e-CFR

Title 10 Part 611 → Subpart B → §611.110

e-CFR data is current as of September 19, 2019

Title 10Chapter IISubchapter HPart 611Subpart B → §611.110

Title 10: Energy
Subpart B—Direct Loan Program

§611.110   Assignment or transfer of loans.

(a) The Loan Documents may not be modified, in whole or in part, without the prior written approval of DOE.

(b) Upon prior written approval by DOE and the Federal Financing Bank, a certification by the assignor that the assignee is an Eligible Applicant as described in §611.100 of this part, and subject to paragraph (c) of this section and other provisions of this part, a Borrower may assign or transfer its interest in a loan provided under this part, including the loan documents, to a party that qualifies as an Eligible Applicant.

(c) The provisions of paragraph (b) of this section shall not apply to transfers which occur by operation of law.