7 CFR 3565.56
§ 3565.56 Suspension or termination of loan guarantee agreement.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3565.56, § 3565.56 Suspension or termination of loan guarantee agreement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30663
- Permanent ID
ys:prov:30663@1- SHA-256
439eec26b9b104e21036942f361d9a652f50e448747267da4081f3819219a11d
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Full text
A guarantee agreement will terminate when one of the following actions occurs: (In accordance with subpart H of this part, use restrictions on the property will remain if the following actions take place prior to the term of the loan and RHS determines the restrictions apply.)
(a) Voluntary termination. A lender and borrower voluntarily request the termination of the loan guarantee.
(b) Agency withdrawal of guarantee. The Agency withdraws the loan guarantee in the event of fraud, misrepresentation, abuse, negligence, or failure to meet the program requirements.
(c) Mortgage pay-off. The loan is paid.
(d) Settlement of claim. Final settlement of the claim.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.