7 CFR 1786.58
§ 1786.58 Security.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1786.58, § 1786.58 Security, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28282
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Full text
If, after prepayment of RUS Notes, the Government should continue to hold liens on the borrower's property that secure loans made or guaranteed pursuant to the Act, the Administrator of RUS or the Governor of the Rural Telephone Bank, as the case may be, will consider request for the accommodation of such liens for the purpose of providing security for loans the proceeds of which were used to prepay RUS Notes. Such lien accommodations shall be limited in amount to the Discounted Present Value of the RUS Notes plus such costs, as the Administrator shall determine to be reasonable, incurred by the borrower in obtaining such 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.