7 CFR 765.451
§ 765.451 Continuation of FLP debt and transfer of security.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 765.451, § 765.451 Continuation of FLP debt and transfer of security, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19956
- Permanent ID
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Full text
(a) Individuals who are liable. Following the death of a borrower, the Agency will continue the loan with any individual who is liable for the indebtedness provided that the individual complies with the obligations of the loan and security instruments.
(b) Individuals who are not liable. The Agency will continue the loan with a person who is not liable for the indebtedness in accordance with subpart I of this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.