{"data":{"id":"us/12-cfr-617.7605","jurisdiction":"us","citation":"12 CFR 617.7605","heading":"How should System institutions document whether the borrower had the financial resources to avoid foreclosure?","body":"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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"7be4a4f774c926a48ff0f9533c6230fdb6990b72f0d3c5532b015c0f67529076","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-617.7600","next":"us/12-cfr-617.7610"},"notice":"GroundRules: Original legal text. Not legal advice."}