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7 CFR 1962.1

§ 1962.1 Purpose.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 1962.1, § 1962.1 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29324
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This subpart delegates authorities and gives procedures for servicing, care, and liquidation of Rural Development chattel security, Economic Opportunity (EO) loan property, and note only loans. Security servicing for Nonprogram (NP) loans on farm property will be according to subpart J of part 1951 of this chapter. This subpart is inapplicable to Farm Service Agency, Farm Loan Programs.

Legislative history

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