7 CFR 4287.369

§ 4287.369 Future recovery.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 4287.369, § 4287.369 Future recovery, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31426
Permanent ID: ys:prov:31426@1
SHA-256: 6ec069ab867052c343427419a91f4b57a574061767282fa8aaf2d4df0ed8159b

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Full text

Unless notified otherwise by the Agency, after the final loss claim has been paid, the Lender must use reasonable efforts to attempt collection from any party still liable for Future Recovery. Any net proceeds from Future Recovery must be split Pro Rata between the Lender and the Agency based on the original amount of the loan guarantee. Any collection of Federal Debt made by the Federal Government from any liable party to the guaranteed loan will not be split with the Lender.

Legislative history

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