Regulations last checked for updates: Oct 18, 2024

Title 7 - Agriculture last revised: Oct 11, 2024
All TitlesTitle 7Chapter VIIPart 766Subpart J - Subpart J—DBSA
View all text of Subpart J [§ 766.451 - § 766.458]
§ 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
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