 |
Code of Federal Regulations (Last Updated: May 6, 2024) |
 |
Title 7 - Agriculture |
|
Subtitle B - Regulations of the Department of Agriculture |
|
Chapter XXXV - Rural Housing Service, Department of Agriculture |
|
Part 3575 - General |
|
Subpart A - Community Programs Guaranteed Loans |
§ 3575.96 - Termination of Loan Note Guarantee.
Latest version.
-
§ 3575.96 Termination of Loan Note Guarantee.
The Loan Note Guarantee under this subpart will terminate automatically:
(a) Upon full payment of the guaranteed loan; or
(b) Upon full payment of any loss obligation or negotiated loss settlement except for future recovery provisions; or
(c) Upon written request from the lender to the Agency, provided that the lender holds all of the guaranteed portion and the original Loan Note Guarantee is returned to the Agency.