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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter VII - Farm Service Agency, Department of Agriculture |
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SubChapter D - Special Programs |
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Part 766 - Direct Loan Servicing - Special |
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Subpart C - Loan Servicing Programs |
§ 766.114 - State-certified mediation or voluntary meeting of creditors.
Latest version.
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§ 766.114 State-certified mediation or voluntary meeting of creditors.
(a) A borrower who is unable to develop a feasible plan but is otherwise eligible for primary loan servicing may request:
(1) State-certified mediation; or
(2) Voluntary meeting of creditors when a State does not have a certified mediation program.
(b) Any negotiation of the Agency's appraisal must be completed before State-certified mediation or voluntary meeting of creditors.