7 C.F.R. § 765.251 – General. | MidpageGeneral.
Effective Jan 1, 2017
- (a) A borrower is required to be the operator of Agency security in accordance with loan purposes, loan agreements, and security instruments.
- (b) A borrower who fails to operate the security without Agency consent is in violation of loan agreements and security instruments.
- (c) The Agency will consider a borrower's request to lease or cease to operate the security as provided in §§ 765.252 and 765.253.