{"data":{"id":"us/7-cfr-766.201","jurisdiction":"us","citation":"7 CFR 766.201","heading":"Shared Appreciation Agreement.","body":"(a) When a SAA is required. The Agency requires a borrower to enter into a SAA with the Agency covering all real estate security when the borrower:\n(1) Owns any real estate that serves or will serve as loan security; and\n(2) Accepts a write-down in accordance with § 766.111.\n(b) When SAA is due. The borrower must repay the calculated amount of shared appreciation after a term of 5 years from the date of the write-down, or earlier if:\n(1) The borrower sells or conveys all or a portion of the Agency's real estate security, unless real estate is conveyed upon the death of a borrower to a spouse who will continue farming;\n(2) The borrower repays or satisfies all FLP loans;\n(3) The borrower ceases farming; or\n(4) The Agency accelerates the borrower's loans.","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 766—DIRECT LOAN SERVICING—SPECIAL","Subpart E—Servicing Shared Appreciation Agreements and Net Recovery Buyout Agreements"],"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":"775765a254b9b3901e1fb0c2595493779a0cdb2ef8602b9100c34f4cb455a95c","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-766.156-766.200","next":"us/7-cfr-766.202"},"notice":"GroundRules: Original legal text. Not legal advice."}