---
kind: "section"
citation: "7 C.F.R. § 1951.153"
title: "7"
number: "1951.153"
heading: "Chattel security or note-only cases."
url: "https://uscodex.org/cfr/7/1951.153"
---

# §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](/cfr/7/part1962-subpartA.md) 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)](/cfr/7/1951.155.md?p=c) of this subpart.

## Notes

### 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.