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Code of Federal Regulations (Last Updated: November 8, 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 765 - Direct Loan Servicing - Regular |
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Subpart F - Required Use and Operation of Agency Security |
§ 765.251 - General.
Latest version.
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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.