7 CFR 761.402
§ 761.402 Abbreviations and definitions.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 761.402, § 761.402 Abbreviations and definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19752
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Full text
(a) Abbreviations and definitions for terms used in this subpart are provided in 7 CFR part 3 and § 761.2.
(b) Definitions used only in this subpart include:
(1) Third party converter means an individual or entity who:
(i) Is in possession of agency security property, or money from the sale of security, in relation to a loan or other debt that the individual or entity was not liable for; or
(ii) Assists, or participates knowingly or unknowingly, in the transportation or sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for; or
(iii) Assists, or participates knowingly or unknowingly, in temporarily or permanently relocating or concealing the location of agency security property, or money from the sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for.
(2) [Reserved]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.