7 CFR 766.301
§ 766.301 Notifying borrower in bankruptcy of loan servicing.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 766.301, § 766.301 Notifying borrower in bankruptcy of loan servicing, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20020
- Permanent ID
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Full text
If a borrower files for bankruptcy, the Agency will provide written notification to the borrower's attorney with a copy to the borrower as follows:
(a) Borrower not previously notified. The Agency will provide notice of all loan servicing options available under subpart C of this part, if the borrower has not been previously notified of these options.
(b) Borrower with prior notification. If the borrower received notice of all loan servicing options available under subpart C of this part prior to the time of bankruptcy filing but all loan servicing was not completed, the Agency will provide notice of any remaining loan servicing options available.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.