1. Regulations
  2. title 7
  3. chapter VII
  4. part 766
  5. subpart J
  6. § 766.457

View all text of Subpart J [§ 766.451 - § 766.458]

§ 766.457 - Canceling a DBSA agreement.

(a) The Agency will cancel a DBSA agreement if the Agency takes any PLS action on the loan.

(b) The Agency will cancel a DBSA agreement if the borrower pays the:

(1) Current market value buyout in accordance with § 766.113; or

(2) The set-aside installment.

AUTHORITY: 5 U.S.C. 301, 7 U.S.C. 1989, and 1981d(c).

SOURCE: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.

CITE AS: 7 CFR 766.457