---
kind: "section"
citation: "7 C.F.R. § 1951.154"
title: "7"
number: "1951.154"
heading: "Satisfaction and release of documents."
url: "https://uscodex.org/cfr/7/1951.154"
---

# §1951.154. Satisfaction and release of documents.

- (a) **Authorization.** RD is authorized to execute the necessary releases and satisfactions and return security instruments and related documents to borrowers. Satisfaction and release of security documents takes place:
  - (1) Upon receipt of payment in full of all amounts owed to the Government including any amounts owed to the loan insurance account, subsidy recapture amounts, all loan advances and/or other charges to the borrower's account;
  - (2) Upon verification that the amount of payment received is sufficient to pay the full amount owed by the borrower; or
  - (3) When a compromise or adjustment offer has been accepted and approved by the appropriate Government official in full settlement of the account and all required funds have been paid.
- (b) [Reserved]
- (c) **Lost note.** If the original note is lost RD will give the borrower an affidavit of lost note so that the release or satisfaction may be processed.

## 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.