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50 FR 45783, Nov. 1, 1985, unless otherwise noted.
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Subscribe to: 7 CFR 1962.2
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Nomenclature changes to part 1962 appear at 80 FR 9902, Feb. 24, 2015.
Chattel security, EO property and note only loans will be serviced to accomplish the loan objectives and protect Rural Development's financial interest. To accomplish these objectives, security will be serviced in accordance with the security instruments and related agreements, including any authorized modifications, provided the borrower has reasonable prospects of accomplishing the loan objectives, properly maintains and accounts for the security, and otherwise satisfactorily meets the loan obligations including repayment.