---
kind: "section"
citation: "7 C.F.R. § 769.166"
title: "7"
number: "769.166"
heading: "Transfers and assumptions."
url: "https://uscodex.org/cfr/7/769.166"
---

# §769.166. Transfers and assumptions.

- (a) All transfers and assumptions must be approved in advance by the Agency. The assuming entity must meet all eligibility criteria for HPRP.
- (b) **Available transfer and assumption options to eligible intermediaries include—**
  - (1) The total indebtedness may be transferred to another eligible intermediary on the same rates and terms; or
  - (2) The total indebtedness may be transferred to another eligible intermediary on different terms not to exceed the term for which an initial loan can be made.
- (c) The transferor must prepare the transfer document for the Agency's review prior to the transfer and assumption.
- (d) The transferee must provide the Agency with information required in the application as specified in [§ 769.158](/cfr/7/769.158.md).
- (e) The Agency's approved form of the assumption agreement will formally authorize the transfer and assumption and will contain the Agency case number of the transferor and transferee.
- (f) When the transferee makes a cash down-payment in connection with the transfer and assumption, any proceeds received by the transferor will be credited on the transferor's loan debt in order of maturity date.

## Notes

### Source

Source: 86 FR 43393, Aug. 9, 2021, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 25 U.S.C. 488.

### Source

Source: 80 FR 74970, Dec. 1, 2015, unless otherwise noted.