Code of Federal Regulations · Section
§ 1951.153 — Chattel Security Or Note-only Cases
7 C.F.R. § 1951.153
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(a) If a loan secured by both real estate and chattels is paid in full, the chattel security instrument will be satisfied or released in accordance with subpart A of part 1962 of this chapter.
(b) When a loan is evidenced by only a note and the note is paid in full, RD will deliver the note to the borrower in the manner prescribed in § 1951.155(c) of this subpart.
Authorizing Statute
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Administrative offset31 U.S.C. § 3716
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Departmental regulations5 U.S.C. § 301
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Rules and regulations7 U.S.C. § 1989
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Administrative powers of Secretary42 U.S.C. § 1480