{"data":{"id":"us/7-cfr-764.205","jurisdiction":"us","citation":"7 CFR 764.205","heading":"Security requirements.","body":"A Down payment loan must:\n(a) Be secured in accordance with §§ 764.103 through 764.106;\n(b) Be secured by a lien on the property being acquired with the loan funds and junior only to the party financing the balance of the purchase price.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE","SUBCHAPTER D—SPECIAL PROGRAMS","PART 764—DIRECT LOAN MAKING","Subpart E—Downpayment Loan Program"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"d137da7bf9f3c9716b3f5178136b903595c2edb39a7c45191d14eada292589c3","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-764.204","next":"us/7-cfr-764.206-764.230"},"notice":"GroundRules: Original legal text. Not legal advice."}