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e-CFR data is current as of July 1, 2020

Title 7Subtitle BChapter XVIIISubchapter HPart 1951Subpart D → §1951.153


Title 7: Agriculture
PART 1951—SERVICING AND COLLECTIONS
Subpart D—Final Payment on Loans


§1951.153   Chattel security or note-only cases.

(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.

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