GroundRules
13 CFR 120.550: What is homestead protection for farmers?
Where this section sits in the code
- Title 13—Business Credit and Assistance
- CHAPTER I—SMALL BUSINESS ADMINISTRATION
- PART 120—BUSINESS LOANS
- Subpart E—Servicing, Liquidation and Debt Collection Litigation of 7(a) and 504 Loans
SBA may lease to a farmer-Borrower the farm residence occupied by the Borrower and a reasonable amount of adjoining property (no more than 10 acres and seven farm buildings), if they were acquired by SBA as a result of a defaulted farm loan made or guaranteed by SBA (see the Consolidated Farm and Rural Development Act, 7 U.S.C. 1921, for qualifying loan purposes).
Collected 2026-08-27T02:24:18Z. Source file · JSON