---
kind: "section"
citation: "7 C.F.R. § 765.451"
title: "7"
number: "765.451"
heading: "Continuation of FLP debt and transfer of security."
url: "https://uscodex.org/cfr/7/765.451"
---

# §765.451. Continuation of FLP debt and transfer of security.

- (a) **Individuals who are liable.** Following the death of a borrower, the Agency will continue the loan with any individual who is liable for the indebtedness provided that the individual complies with the obligations of the loan and security instruments.
- (b) **Individuals who are not liable.** The Agency will continue the loan with a person who is not liable for the indebtedness in accordance with subpart I of this part.

## Notes

### Authority

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

### Source

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