7 CFR 1962.7 - Securing unpaid balances on unsecured loans.

Regulations last checked for updates: Jul 14, 2025

Title 7 - Agriculture last revised: Jul 10, 2025

View all text of Subpart A [§ 1962.1 - § 1962.50]

§ 1962.7 - Securing unpaid balances on unsecured loans.

The County Supervisor will take a lien on a borrower's chattel property in accordance with § 1962.6 of this subpart if it is necessary to rely on such property for the collection of the borrower's unsecured indebtedness, or if it will assist in accomplishing loan objectives.

authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

source: 50 FR 45783, Nov. 1, 1985, unless otherwise noted.

cite as: 7 CFR 1962.7