7 CFR 766.457 - Canceling a DBSA agreement.

Regulations last checked for updates: May 03, 2025

Title 7 - Agriculture last revised: Apr 24, 2025

§ 766.457 - Canceling a DBSA agreement.

(a) The Agency will cancel a DBSA agreement if the Agency takes any PLS action on the loan.

(b) The Agency will cancel a DBSA agreement if the borrower pays the:

(1) Current market value buyout in accordance with § 766.113; or

(2) The set-aside installment.

authority: 5 U.S.C. 301,7.S.C. 1989, and 1981d(c)

source: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.

cite as: 7 CFR 766.457