Which lender operates under a five-year agreement approved by the State Executive Director?

The Certified Lender Program (CLP) allows lenders to operate under a five-year agreement that has received approval from the State Executive Director. This designation provides certain benefits and flexibility to lenders, allowing them to underwrite and service loans more efficiently under the program’s guidelines.

Lenders participating in the CLP demonstrate a commitment to meeting the standards established by the program, which enhances their capacity to serve agricultural borrowers. As a result, CLP lenders play a crucial role in providing access to capital for farmers and ranchers, ultimately contributing to the vibrancy of the agricultural sector.

In contrast, the other types of lenders mentioned, such as Standard Eligible Lender, Preferred Lender, and Standard Lender Program, operate under different sets of guidelines and agreements that do not specifically entail a five-year agreement approved by the State Executive Director, making them less relevant to this particular question.