7 CFR 763.6

§ 763.6 Limitations.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 763.6, § 763.6 Limitations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19803
Permanent ID: ys:prov:19803@1
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Full text

(a) To qualify for a guarantee, the purchase price of the farm to be acquired through the land contract sale cannot exceed the lesser of: (1) $500,000 or (2) The current market value of the property. (b) A guarantee will not be issued if the appraised value of the farm is greater than $500,000. (c) Existing land contracts are not eligible for the Land Contract Guarantee Program. (d) Guarantees may not be used to establish or support a non-eligible enterprise.

Legislative history

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