---
kind: "section"
citation: "7 C.F.R. § 770.8"
title: "7"
number: "770.8"
heading: "Use of acquired land."
url: "https://uscodex.org/cfr/7/770.8"
---

# §770.8. Use of acquired land.

- (a) **General.** Subject to [§ 770.5(d)](/cfr/7/770.5.md?p=d) land acquired with loan funds, or other property serving as the security for a loan under this part, may be leased, sold, exchanged, or subject to a subordination of the Agency's interests, provided:
  - (1) The Agency provides prior written approval of the action;
  - (2) The Agency determines that the borrower's loan obligations to the Agency are adequately secured; and
  - (3) **The borrower's ability to repay the loan is not impaired.**
- (b) **Title.** Title to land acquired with a loan made under this part may, with the approval of the Secretary of the Interior, be taken by the United States in trust for the tribe or tribal corporation.

## Notes

### Authority

Authority: 5 U.S.C. 301 and 25 U.S.C. 5136.

### Source

Source: 66 FR 1567, Jan. 9, 2001, unless otherwise noted.