This subpart provides Rural Development policy concerning:
- (a) The applicability of Federal rather than State Law in the conduct of Rural Development operations, and
- (b) The liability of an auctioneer for conversion of personal property mortgaged to Rural Development.
[44 FR 10979, Feb. 26, 1979, as amended at 45 FR 8934, Feb. 11, 1980; 80 FR 9867, Feb. 24, 2015]