7 CFR 766.201
§ 766.201 Shared Appreciation Agreement.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 766.201, § 766.201 Shared Appreciation Agreement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20007
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Full text
(a) When a SAA is required. The Agency requires a borrower to enter into a SAA with the Agency covering all real estate security when the borrower:
(1) Owns any real estate that serves or will serve as loan security; and
(2) Accepts a write-down in accordance with § 766.111.
(b) When SAA is due. The borrower must repay the calculated amount of shared appreciation after a term of 5 years from the date of the write-down, or earlier if:
(1) The borrower sells or conveys all or a portion of the Agency's real estate security, unless real estate is conveyed upon the death of a borrower to a spouse who will continue farming;
(2) The borrower repays or satisfies all FLP loans;
(3) The borrower ceases farming; or
(4) The Agency accelerates the borrower's loans.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.