7 CFR § 1951.153
Chattel security or note-only cases
July 6, 2020
(a) If a loan secured by both real estate and chattels is paid in full, the chattel security instrument will be satisfied or released in accordance with subpart A of part 1962 of this chapter.
(b) When a loan is evidenced by only a note and the note is paid in full, RD will deliver the note to the borrower in the manner prescribed in §1951.155(c) of this subpart.
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