{"data":{"id":"us/7-cfr-765.202","jurisdiction":"us","citation":"7 CFR 765.202","heading":"Borrower responsibilities.","body":"The borrower must:\n(a) Comply with all provisions of the loan agreements;\n(1) Non-compliance with the provisions of loan agreements and documents, other than failure to meet scheduled loan repayment installments contained in the promissory note, constitutes non-monetary default on FLP loans by the borrower;\n(2) Borrower non-compliance will be considered by the Agency when making eligibility determinations for future requests for assistance and may adversely impact such requests;\n(b) Maintain, protect, and account for all security;\n(c) Pay the following, unless State law requires the Agency to pay:\n(1) Fees for executing, filing or recording financing statements, continuation statements or other security instruments; and\n(2) The cost of lien search reports;\n(d) Pay taxes on property securing FLP loans when they become due;\n(e) Maintain insurance coverage in an amount specified by the Agency;\n(f) Protect the interests of the Agency when a third party brings suit or takes other action that could affect Agency security.","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 765—DIRECT LOAN SERVICING—REGULAR","Subpart E—Protecting the Agency's Security Interest"],"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":"3059b76d146f431964d921191666ebacc23b786d36323f750cd72f8f7038163c","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-765.201","next":"us/7-cfr-765.203"},"notice":"GroundRules: Original legal text. Not legal advice."}