# 7 CFR § 1955.106: Disposition of farm property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.106

## Section

- **Citation:** 7 CFR § 1955.106
- **Heading:** Disposition of farm property
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—Agriculture > Subtitle B—Regulations of the Department of Agriculture > CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE > SUBCHAPTER H—PROGRAM REGULATIONS > PART 1955—PROPERTY MANAGEMENT > Subpart C—Disposal of Inventory Property > Consolidated Farm and Rural Development Act (CONACT) Real Property

## Text

(a) Rights of previous owner and notification. Before property which secured a Farm Credit Programs loan is taken into inventory, the FSA county official will advise the borrower-owner of Homestead Protection rights (see subpart S of part 1951 of this chapter.)
(b) Racial, ethnic, and gender consideration. The County Supervisor will make a special effort to insure that prospective purchasers, who traditionally would not be expected to apply for farm ownership loan assistance because of existing racial, ethnic, or gender prejudice, are informed of the availability of the Socially Disadvantaged Program. Emphasis will be placed on providing assistance to such socially disadvantaged applicants in accordance with the applicable sections of subpart A of part 1943 of this chapter.
(c) Nonprogram (NP) borrowers. Nonprogram (NP) borrowers are not eligible for Homestead Protection provisions as set forth in subpart S of part 1951 of this chapter. When it is determined that all conditions of § 1951.558(b) of subpart L of part 1951 of this chapter have been met, loans for unauthorized assistance will be treated as authorized loans and will be eligible for homestead protection.
[53 FR 35777, Sept. 14, 1988, as amended at 58 FR 58649, Nov. 3, 1993; 62 FR 44399, Aug. 21, 1997]

## Nearby sections

- [7 CFR § 1955.105 § 1955.105 Real property affected (CONACT).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.105.md)
- [7 CFR § 1955.106 § 1955.106 Disposition of farm property.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.106.md)
- [7 CFR § 1955.107 § 1955.107 Sale of FSA property (CONACT).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.107.md)
- [7 CFR § 1955.108 § 1955.108 Sale of (CONACT) property other than FSA property.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.108.md)
- [7 CFR § 1955.109 § 1955.109 Processing and closing (CONACT).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.109.md)
- [7 CFR § 1955.111 § 1955.111 Sale of real estate for RH purposes (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.111.md)
- [7 CFR § 1955.112 § 1955.112 Method of sale (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.112.md)
- [7 CFR § 1955.113 § 1955.113 Price (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.113.md)
- [7 CFR § 1955.114 § 1955.114 Sales steps for program property (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.114.md)
- [7 CFR § 1955.115 § 1955.115 Sales steps for nonprogram (NP) property (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.115.md)
- [7 CFR § 1955.116 § 1955.116 Requirements for sale of property not meeting decent, safe and sanitary (DSS) standards (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.116.md)
- [7 CFR § 1955.117 § 1955.117 Processing credit sales on program terms (housing).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.117.md)
- [7 CFR § 1955.118 § 1955.118 Processing cash sales or MFH credit sales on NP terms.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.118.md)
- [7 CFR § 1955.119 § 1955.119 Sale of SFH inventory property to a public body or nonprofit organization.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.119.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1955.106. Check the current official text before relying on it. Not legal advice.