§764.103. General security requirements. — Inbound Citations

(a) In accordance with §§ 764.103 through 764.106;

(a) Be secured in accordance with §§ 764.103 through 764.106;

(a) The loan must be secured in accordance with requirements established in §§ 764.103 through 764.106.

(a) In accordance with §§ 764.103 through 764.106.

(a) EM loans made under § 764.351(a)(1) must comply with the general security requirements established at §§ 764.103, 764.104 and 764.155(b).

(2) The security requirements of § 764.103(b) can be satisfied without the use of the primary personal residence and appurtenances;

(d) For OLs made for the purpose of minor real estate repairs or improvements, the Agency must obtain a lien on the real estate repaired or improved in accordance with the requirements of § 764.104, while also ensuring the provisions of § 764.103(b) requiring adequate security are satisfied.

(i) Must be secured by an amount projected at the time of loan closing to be at least equal to the direct loan balance outstanding at the time the balloon installment comes due, which may exceed the additional security requirements of § 764.103(c) of this chapter. Total loan security in excess of the requirements of this provision (paragraph (b)(2)(i) of this section) will only be taken when it is not practicable to separate the security. Crops, livestock other than breeding stock, or livestock products produced are not adequate collateral for such loans.