§1951.153. Chattel security or note-only cases.
7 C.F.R. § 1951.153
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.
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.
Notes, amendments, and revision history
Source
Source: 57 FR 774, Jan. 9, 1992, unless otherwise noted.
Authority
Authority: 5 U.S.C. 301; 7 U.S.C 1932 note; 7 U.S.C. 1989; 31 U.S.C. 3716; 42 U.S.C. 1480.