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7 CFR 4287.380

§ 4287.380 Termination of guarantee.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 4287.380, § 4287.380 Termination of guarantee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31429
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The Loan Note Guarantee will terminate under any of the following conditions: (a) Upon full payment of the guaranteed loan; (b) Upon full payment of any loss obligation; or (c) Upon written notice from the Lender to the Agency that the guarantee will terminate 30 days after the date of notice, provided that the Lender owns the entire guaranteed interest in the loan and the Loan Note Guarantee is returned to the Agency to be canceled.

Legislative history

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