7 CFR 764.155
§ 764.155 Security requirements.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 764.155, § 764.155 Security requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19847
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Full text
An FO loan must be secured:
(a) In accordance with §§ 764.103 through 764.106;
(b) At a minimum, by the real estate being purchased or improved.
(1) An ML made for FO purposes, may be secured only by the real estate being purchased or improved, as long as its value is at least 100 percent of the loan amount.
(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.