§ 1962.7 Securing unpaid balances on unsecured loans.
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Title 7 CFR: Agriculture › Chapter XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE › Part 1962: PERSONAL PROPERTY › Subpart A: Servicing and Liquidation of Chattel Security › § 1962.7: § 1962.7 Securing unpaid balances on unsecured loans.
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The County Supervisor will take a lien on a borrower's chattel property in accordance with § 1962.6 of this subpart if it is necessary to rely on such property for the collection of the borrower's unsecured indebtedness, or if it will assist in accomplishing loan objectives.
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