7 CFR 763.3

§ 763.3 Full faith and credit.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 763.3, § 763.3 Full faith and credit, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19800
Permanent ID: ys:prov:19800@1
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Full text

(a) The land contract guarantee constitutes an obligation supported by the full faith and credit of the United States. The Agency may contest the guarantee only in cases of fraud or misrepresentation by the seller, in which: (1) The seller had actual knowledge of the fraud or misrepresentation at the time it because the seller, or (2) The seller participated in or condoned the fraud or misrepresentation. (b) Loss claims also may be reduced or denied to the extent that any negligence contributed to the loss under § 763.22.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.