§765.251. General.

7 C.F.R. § 765.251

(a)

A borrower is required to be the operator of Agency security in accordance with loan purposes, loan agreements, and security instruments.

(b)

A borrower who fails to operate the security without Agency consent is in violation of loan agreements and security instruments.

(c)

The Agency will consider a borrower's request to lease or cease to operate the security as provided in §§ 765.252 and 765.253.

Notes, amendments, and revision history

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

Source: 72 FR 63309, Nov. 8, 2007, unless otherwise noted.