7 CFR 766.103
§ 766.103 Borrower does not respond or does not submit a complete application.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 766.103, § 766.103 Borrower does not respond or does not submit a complete application, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19981
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Full text
(a) If a borrower, who is financially distressed or current, requested loan servicing and received FSA-2512, but fails to respond timely and subsequently becomes 90 days past due, the Agency will notify the borrower in accordance with § 766.101(a)(2).
(b) If a borrower who is 90 days past due and received FSA-2510 or FSA-2510-IA, or is in non-monetary, or both monetary and non-monetary default and received FSA-2514, and fails to timely respond or does not submit a complete application within the 60-day timeframe, the Agency will notify the borrower by certified mail of the following:
(1) The Agency's intent to accelerate the loan; and
(2) The borrower's right to request reconsideration, mediation and appeal in accordance with 7 CFR parts 11 and 780.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.