GroundRules
12 CFR 617.7605: How should System institutions document whether the borrower had the financial resources to avoid foreclosure?
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER VI—FARM CREDIT ADMINISTRATION
- SUBCHAPTER B—FARM CREDIT SYSTEM
- PART 617—BORROWER RIGHTS
- Subpart G—Right of First Refusal
The right of first refusal applies only to borrowers who did not have the financial resources to avoid foreclosure or voluntary conveyance. A System institution must clearly document in its files whether the borrower had the resources to avoid foreclosure or voluntary conveyance.
Collected 2026-08-27T02:24:16Z. Source file · JSON