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7 CFR 764.205

§ 764.205 Security requirements.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 764.205, § 764.205 Security requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19854
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A Down payment loan must: (a) Be secured in accordance with §§ 764.103 through 764.106; (b) Be secured by a lien on the property being acquired with the loan funds and junior only to the party financing the balance of the purchase price.

Legislative history

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