7 CFR 1962.2
§ 1962.2 Policy.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1962.2, § 1962.2 Policy, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29325
- Permanent ID
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Full text
Chattel security, EO property and note only loans will be serviced to accomplish the loan objectives and protect Rural Development's financial interest. To accomplish these objectives, security will be serviced in accordance with the security instruments and related agreements, including any authorized modifications, provided the borrower has reasonable prospects of accomplishing the loan objectives, properly maintains and accounts for the security, and otherwise satisfactorily meets the loan obligations including repayment.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.