Final answer:
Once a line of credit is established with a CLP lender, subsequent advances on that line of credit do not require written concurrence from an FSA agency official, which is true. This arrangement allows for more autonomy for CLP lenders after initial approval and streamlines the borrowing process.
Step-by-step explanation:
When it comes to a line of credit with a Certified Lender Program (CLP) lender, the statement that 'once a line of credit is in place with a CLP lender, written concurrence from an FSA agency official is not required for advances made on the line of credit in subsequent years' is True. CLP lenders have demonstrated their capability in loan servicing and origination, and have earned a level of independence because of this trust and demonstrated proficiency. As such, for routine advances once the line of credit has been established, they do not require the same level of oversight and repeated authorization from the Farm Service Agency (FSA) for each advance after the initial approval.
This streamlines the process for the borrower and reduces the administrative burden on both the lender and the FSA, while still operating within the regulations and guidelines established to protect both the interests of the borrower and the integrity of the lending program.