# 7 CFR § 1962.7: Securing unpaid balances on unsecured loans

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1962.7

## Section

- **Citation:** 7 CFR § 1962.7
- **Heading:** Securing unpaid balances on unsecured loans
- **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

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.

## 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-7-1962.7. Check the current official text before relying on it. Not legal advice.