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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 XVIII - Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, and Farm Service Agency, Department of Agriculture |
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SubChapter H - Program Regulations |
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Part 1924 - Construction and Repair |
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Subpart B - XXX |
§ 1924.59 - Supervision.
Latest version.
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The Agency's supervision is based on the information and evaluation resulting from the assessment of the operation. The borrower is required to:
(a) Cooperate with the Agency and comply with all supervisory agreements, farm plans, and all other loan-related requirements.
(b) Promptly notify the Agency of any significant change in the business or family expenses or the development of problem situations.
(c) Maintain and protect the collateral for Agency loans and promptly report to the Agency any losses or other significant changes in the collateral.
(d) Complete any training required by § 1924.74.