{"data":{"id":"us/7-cfr-766.204","jurisdiction":"us","citation":"7 CFR 766.204","heading":"Amortization of recapture.","body":"(a) The Agency will amortize the recapture into a Shared Appreciation Payment Agreement provided the borrower:\n(1) Has not ceased farming and the borrower's account has not been accelerated;\n(2) Provides a complete application in accordance with § 764.51(b), by the recapture due date or within 60 days of Agency notification of the amount of recapture due, whichever is later;\n(3) Is unable to pay the recapture and cannot obtain funds from any other source;\n(4) Develops a feasible plan that includes repayment of the shared appreciation amount;\n(5) Provides a lien on all assets, except those listed in § 766.112(b); and\n(6) Signs loan agreements and security instruments as required.\n(b) If the borrower later becomes delinquent or financially distressed, reamortization of the Shared Appreciation Payment Agreement can be considered under subpart C of this part.","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":"bee45ec043e42902563e08e64080701be4322c83e3014be7e7435284acd66c55","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-766.203","next":"us/7-cfr-766.205"},"notice":"GroundRules: Original legal text. Not legal advice."}