{"data":{"id":"us/7-cfr-772.16","jurisdiction":"us","citation":"7 CFR 772.16","heading":"Liquidation.","body":"When the Agency determines that continued servicing will not accomplish the objectives of the loan and the delinquency or financial distress cannot be cured by the options in § 772.13, or the loan is in non-monetary default, the borrower will be encouraged to dispose of the Agency security voluntarily through sale or transfer and assumption in accordance with this part. If such a transfer or voluntary sale is not carried out, the loan will be liquidated according to 7 CFR part 766. For AMP loans, appeal rights under 7 CFR part 11 are provided in the notice of acceleration. For IMP loans, appeal rights must be exhausted before acceleration, and the notice of acceleration is not appealable.","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 772—SERVICING MINOR PROGRAM LOANS"],"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":"520a27d037da632559941db84ffe9ea1f24f675ad9ca7a74471bd03bac9b72b1","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-772.15","next":"us/7-cfr-772.17"},"notice":"GroundRules: Original legal text. Not legal advice."}