7 C.F.R. Part 763 – Land Contract Guarantee Program | Midpage

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Code of Federal Regulations

Part 763

7 C.F.R. Part 763

Land Contract Guarantee Program

763.1Introduction.763.2Abbreviations and definitions.763.3Full faith and credit.763.4Authorized land contract purpose.763.5Eligibility.763.6Limitations.763.7Application requirements.763.8Incomplete applications.763.9Processing complete applications.763.10Feasibility.763.11Maximum loss amount, guarantee period, and conditions.763.12Down payment, rates, terms, and installments.763.13Fees.763.14Appraisals.763.15Taxes and insurance.763.16Environmental regulation compliance.763.17Approving application and executing guarantee.763.18General servicing responsibilities.763.19Contract modification.763.20Delinquent servicing and collecting on guarantee.763.21Establishment of Federal debt and Agency recovery of loss claim payments.763.22Negligence and negligent servicing.763.23Terminating the guarantee.