# 7 CFR § 1962.14: Account and security information in UCC cases

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.14

## Section

- **Citation:** 7 CFR § 1962.14
- **Heading:** Account and security information in UCC cases
- **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 1962—PERSONAL PROPERTY > Subpart A—Servicing and Liquidation of Chattel Security

## Text

Within 2 weeks after receipt of a written request from the borrower, the Agency must inform the borrower of the security and the total unpaid balance of the Agency indebtedness covered by the Financing Statement.
(a) If the Agency fails to provide the information, it may be liable for any loss caused the borrower and, in some States, other parties, and also may lose some of its security rights. The UCC provides that the borrower is entitled to such information once every 6 months without charge, and the Agency may charge up to $10 for each additional statement. However, the Agency provides them without charge.
(b) Although the UCC only requires the Agency to give information pursuant to the borrower's written request, the Agency will also answer oral requests. Furthermore, the UCC does not prohibit giving this information to others who have a proper need for it, such as a bank or another creditor contemplating advancing additional credit to the borrower.
[50 FR 45783, Nov. 1, 1985, as amended at 54 FR 47960, Nov. 20, 1989; 61 FR 35930, July 9, 1996]

## Nearby sections

- [7 CFR § 1962.1 § 1962.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.1.md)
- [7 CFR § 1962.2 § 1962.2 Policy.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.2.md)
- [7 CFR § 1962.3 § 1962.3 Authorities and responsibilities.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.3.md)
- [7 CFR § 1962.4 § 1962.4 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.4.md)
- [7 CFR § 1962.6 § 1962.6 Liens and assignments on chattel property.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.6.md)
- [7 CFR § 1962.7 § 1962.7 Securing unpaid balances on unsecured loans.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.7.md)
- [7 CFR § 1962.8 § 1962.8 Liens on real estate for additional security.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.8.md)
- [7 CFR § 1962.13 § 1962.13 Notification to potential purchasers.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.13.md)
- [7 CFR § 1962.14 § 1962.14 Account and security information in UCC cases.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.14.md)
- [7 CFR § 1962.16 § 1962.16 Accounting by County Supervisor.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.16.md)
- [7 CFR § 1962.17 § 1962.17 Disposal of chattel security, use of proceeds and release of lien.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.17.md)
- [7 CFR § 1962.18 § 1962.18 Unapproved disposition of chattel security.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.18.md)
- [7 CFR § 1962.19 § 1962.19 Claims against Commodity Credit Corporation (CCC).](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.19.md)
- [7 CFR § 1962.26 § 1962.26 Correcting errors in security instruments.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.26.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.14. Check the current official text before relying on it. Not legal advice.