7 CFR 1955.12 - Acquisition of property which served as security for a loan guarantee by Rural Development or at sale by another lienholder, bankruptcy trustee, or taxing authority.

Regulations last checked for updates: Oct 18, 2024

Title 7 - Agriculture last revised: Oct 11, 2024

View all text of Subpart A [§ 1955.1 - § 1955.50]

§ 1955.12 - Acquisition of property which served as security for a loan guarantee by Rural Development or at sale by another lienholder, bankruptcy trustee, or taxing authority.

When the servicing regulations for the type of loan(s) involved permit Rural Development to acquire property by one of these methods, the acquisition will be reported in accordance with § 1955.18(a) of this subpart.

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

source: 50 FR 23904, June 7, 1985, unless otherwise noted.

cite as: 7 CFR 1955.12