7 CFR § 764.205
Security requirements
July 6, 2020
A Downpayment loan must:
(a) Be secured in accordance with §§764.103 through 764.106;
(b) Be secured by a lien on the property being acquired with the loan funds and junior only to the party financing the balance of the purchase price.
[72 FR 63298, Nov. 8, 2007, as amended at 73 FR 74345, Dec. 8, 2008]
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