7 CFR 765.452
§ 765.452 Borrowers with Non-program loans.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 765.452, § 765.452 Borrowers with Non-program loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19957
- Permanent ID
ys:prov:19957@1- SHA-256
ddb2112469b9395133af6c7c38f0fc96f0bc0da6172136a4c607b47ad0a4e4d6
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Loan continuation.
(1) The Agency will continue the loan with a jointly liable borrower if the remaining borrower continues to pay the deceased borrower's loan in accordance with the loan and security instruments.
(2) The Agency may continue the loan with an individual who inherits title to the property and is not liable for the indebtedness provided the individual makes payments as scheduled and fulfills all other responsibilities of the borrower according to the loan and security instruments.
(b) Loan assumption. A deceased borrower's loan may be assumed by an individual not liable for the indebtedness in accordance with subpart I of this part.
(c) Loan discontinuation.
(1) The Agency will not continue a loan for any subsequent transfer of title by the heirs, or sale of interests between heirs to consolidate title; and
(2) The Agency treats any subsequent transfer of title as a sale subject to requirements listed in 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.