§766.457. Canceling a DBSA agreement.

7 C.F.R. § 766.457

(a)

The Agency will cancel a DBSA agreement if the Agency takes any PLS action on the loan.

(b)

The Agency will cancel a DBSA agreement if the borrower pays the:

(1)

Current market value buyout in accordance with § 766.113; or

(2)

The set-aside installment.

Notes, amendments, and revision history

Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 1981d(c).

Source: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.