# 7 C.F.R. § 1955.60 (2026): Inventory property subject to redemption by the borrower

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_60

## Section

- **Citation:** 7 C.F.R. § 1955.60 (2026)
- **Heading:** Inventory property subject to redemption by the borrower
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 7 CFR: Agriculture / Chapter XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE / Part 1955: PROPERTY MANAGEMENT / Subpart B: Management of Property / § 1955.60: § 1955.60   Inventory property subject to redemption by the borrower.

## Text

If inventory property is subject to redemption rights, the State Director, with prior approval of OGC, will issue a State Supplement giving guidance concerning the former borrower's rights, whether or not the property may be leased or sold by the Government, payment of taxes, maintenance, and any other items OGC deems necessary to comply with State laws. Routine care and maintenance will be provided according to § 1955.64 of this subpart to preserve and protect the property. Repairs are limited to those essential to prevent further deterioration of the property or to remove a health or safety hazard to the community in accordance with § 1955.64(a) of this subpart unless State law permits full recovery of cost of repairs in which case usual policy on repairs is applicable. If the former borrower with redemption rights has possession of the property or has a right to lease proceeds, Rural Development will not rent the property until the redemption period has expired unless the State Director obtains prior authorization from OGC. Further guidance on sale subject to redemption rights is set forth in § 1955.138 of Subpart C of this part.

## Nearby sections

- [7 C.F.R. § 1955.51 (2026) § 1955.51   Purpose.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_51.md)
- [7 C.F.R. § 1955.52 (2026) § 1955.52   Policy.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_52.md)
- [7 C.F.R. § 1955.53 (2026) § 1955.53   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_53.md)
- [7 C.F.R. § 1955.54 (2026) § 1955.54   Redelegation of authority.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_54.md)
- [7 C.F.R. § 1955.55 (2026) § 1955.55   Taking abandoned real or chattel property into custody and related actions.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_55.md)
- [7 C.F.R. § 1955.56 (2026) § 1955.56   Real property located in Coastal Barrier Resources System (CBRS).](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_56.md)
- [7 C.F.R. § 1955.57 (2026) § 1955.57   Real property containing underground storage tanks.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_57.md)
- [7 C.F.R. § 1955.60 (2026) § 1955.60   Inventory property subject to redemption by the borrower.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_60.md)
- [7 C.F.R. § 1955.61 (2026) § 1955.61   Eviction of persons occupying inventory real property or dispossession of persons in possession of chattel property.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_61.md)
- [7 C.F.R. § 1955.62 (2026) § 1955.62   Removal and disposition of nonsecurity personal property from inventory real property.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_62.md)
- [7 C.F.R. § 1955.63 (2026) § 1955.63   Suitability determination.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_63.md)
- [7 C.F.R. § 1955.65 (2026) § 1955.65   Management of inventory and/or custodial real property.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_65.md)
- [7 C.F.R. § 1955.66 (2026) § 1955.66   Lease of real property.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_66.md)
- [7 C.F.R. § 1955.72 (2026) § 1955.72   Utilization of inventory housing by Federal Emergency Management Agency (FEMA) or under a Memorandum of Understanding between the Agency and the Department of Health and Human Services (HHS) for transitional housing for the homeless.](https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_72.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T7_P1955_S1955_60. Check the current official text before relying on it. Not legal advice.