1. LawStack
  2. Title 7 - Agriculture
  3. Subtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
  4. Chapter VII - FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
  5. Subchapter D - SPECIAL PROGRAMS
  6. Part 765 - DIRECT LOAN SERVICING—REGULAR
  7. Subpart J - Deceased Borrowers
  8. 7 CFR § 765.451
7 CFR § 765.451
Continuation of FLP debt and transfer of security
July 6, 2020
CFR

(a) Individuals who are liable. Following the death of a borrower, the Agency will continue the loan with any individual who is liable for the indebtedness provided that the individual complies with the obligations of the loan and security instruments.

(b) Individuals who are not liable. The Agency will continue the loan with a person who is not liable for the indebtedness in accordance with subpart I of this part.

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§ 765.452 Borrowers with Non-program loans

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