To amend any term or condition contained in the Loan Authorization, a written request explaining the reason for amending the term or condition must be submitted to WHEDA. Additional information may be required.
The Lender may not subordinate, release or assign to a third party any collateral securing a FARM loan without written consent from WHEDA. The request to subordinate a FARM loan must state why you are requesting the subordination and how it affects the FARM loan and the collateral position.
