§ 765.251 - General.  


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  • § 765.251 General.

    (a) A borrower is required to be the operator of Agency security in accordance with loan purposes, loan agreements, and security instruments.

    (b) A borrower who fails to operate the security without Agency consent is in violation of loan agreements and security instruments.

    (c) The Agency will consider a borrower's request to lease or cease to operate the security as provided in §§ 765.252 and 765.253.