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Federal regulations · Through 2026-08-25 · Newer source version available

7 CFR 3560.451: General.

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Where this section sits in the code
  1. Title 7—Agriculture
  2. Subtitle B—Regulations of the Department of Agriculture
  3. CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE
  4. PART 3560—DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS
  5. Subpart J—Special Servicing, Enforcement, Liquidation, and Other Actions

This subpart contains special servicing, enforcement, liquidation, and other actions that the borrower may request or the Agency may implement when compliance violations, monetary defaults, or non-monetary defaults cannot be resolved through regular servicing.

(a) Agency obligations. The Agency is under no obligation to offer or agree to any special servicing actions.

(b) Relationship to workout agreements. Special servicing actions may be implemented either as a part of a workout agreement, developed in accordance with § 3560.453, or as an action approved by the Agency separate from a workout agreement unless indicated otherwise in this subpart.

Collected 2026-08-27T02:24:01Z. Source file · JSON

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