Investor Presentaiton

USDA Loan Guarantees • Opportunities on Secondary Market Lenders have the ability to sell all or part of the guaranteed portion of the loan to holders on the secondary market. • Lenders may charge a servicing fee to the holders. • Lenders are encouraged to utilize the secondary market and pass the interest-rate savings on to the borrower. • Lender must retain title to the notes and security interest in the collateral. The lender is required to hold a minimum of 5% of the total loan amount, which must be of the unguaranteed portion. Unguaranteed portions may be participated to another lender. March 7, 2019 Puerto Rico Rural Lending Investment Summit 22 22

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