StacksVerified U.S. regulatory reference

7 CFR §770.8

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
  1. (a)General. Subject to § 770.5(d) land acquired with loan funds, or other property serving as the security for a loan under this part, may be leased, sold, exchanged, or subject to a subordination of the Agency's interests, provided:
    1. (1)The Agency provides prior written approval of the action;
    2. (2)The Agency determines that the borrower's loan obligations to the Agency are adequately secured; and
    3. (3)The borrower's ability to repay the loan is not impaired.
  2. (b)Title. Title to land acquired with a loan made under this part may, with the approval of the Secretary of the Interior, be taken by the United States in trust for the tribe or tribal corporation.