7 CFR 1962.2 : Agriculture (§ 1.1 To Parts 4291-4299) — (Subparts A-B To Parts 1981-1999) — Regulations Of The Department Of Agriculture (Continued) (Subparts A-B To Parts 1981-1999) — Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, And Farm Service Agency, Department Of Agriculture (Continued) (Subparts A-B To Parts 1981-1999) — Program Regulations (Continued) (Subparts A-B To Parts 1981-1999) — Personal Property (§ 1962.1 To § 1962.50) — Servicing And Liquidation Of Chattel Security (§ 1962.1 To § 1962.50) — Policy.

4 Aug 2016

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.

7 CFR 1962.2