7 C.F.R. § 1951.153

Chattel security or note-only cases.

Last amended: 2016Year: 2026Length: 70 wordsSubsections: 2Official source

Cite as 7 C.F.R. § 1951.153 (2026)

(a) If a loan secured by both real estate and chattels is paid in full, the chattel security instrument will be satisfied or released in accordance with subpart A of part 1962 of this chapter. (b) When a loan is evidenced by only a note and the note is paid in full, RD will deliver the note to the borrower in the manner prescribed in § 1951.155(c) of this subpart.
Cross-references to the CFR
1951.155
7 C.F.R. § 1951.153: Chattel security or note-only cases. | Justis AI