7 CFR 766.457

§ 766.457 Canceling a DBSA agreement.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 766.457, § 766.457 Canceling a DBSA agreement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20043
Permanent ID: ys:prov:20043@1
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Full text

(a) The Agency will cancel a DBSA agreement if the Agency takes any PLS action on the loan. (b) The Agency will cancel a DBSA agreement if the borrower pays the: (1) Current market value buyout in accordance with § 766.113; or (2) The set-aside installment.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.