---
kind: "section"
citation: "7 C.F.R. § 761.402"
title: "7"
number: "761.402"
heading: "Abbreviations and definitions."
url: "https://uscodex.org/cfr/7/761.402"
---

# §761.402. Abbreviations and definitions.

- (a) Abbreviations and definitions for terms used in this subpart are provided in [7 CFR part 3](/cfr/7/part3.md) and [§ 761.2](/cfr/7/761.2.md).
- (b) **Definitions used only in this subpart include—**
  - (1) Third party converter means an individual or entity who:
    - (i) Is in possession of agency security property, or money from the sale of security, in relation to a loan or other debt that the individual or entity was not liable for; or
    - (ii) Assists, or participates knowingly or unknowingly, in the transportation or sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for; or
    - (iii) Assists, or participates knowingly or unknowingly, in temporarily or permanently relocating or concealing the location of agency security property, or money from the sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for.
  - (2) [Reserved]

## Notes

### Source

Source: 85 FR 36691, June 17, 2020, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301 and 7 U.S.C. 1989.

### Source

Source: 72 FR 63285, Nov. 8, 2007, unless otherwise noted.