Regulations last checked for updates: May 02, 2025

Title 7 - Agriculture last revised: Apr 24, 2025
§ 1962.2 - Policy.

Chattel security, EO property and note only loans will be serviced to accomplish the loan objectives and protect Rural Development's financial interest. To accomplish these objectives, security will be serviced in accordance with the security instruments and related agreements, including any authorized modifications, provided the borrower has reasonable prospects of accomplishing the loan objectives, properly maintains and accounts for the security, and otherwise satisfactorily meets the loan obligations including repayment.

source: 50 FR 45783, Nov. 1, 1985, unless otherwise noted.
cite as: 7 CFR 1962.2