Loss, theft, destruction, mutilation, or defacement of RUS guarantee.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) A certificate of loss properly notarized which includes: (i) Legal name and present address of the owner, requesting the replacement forms; (ii) Legal name and address of lender of record; (iii) Capacity of person certifying; (iv) Full identification of the guarantee, including the name of the borrower, date of the guarantee, face amount of the evidence of debt purchased, date of evidence of debt and present balance of the loan. Any existing parts of the documents to be replaced should be attached to the certificate; (v) A full statement of circumstances of the loss, theft, or destruction of the guarantee; and (vi) The lender or holder, shall present evidence demonstrating current ownership of the guarantee and note. If the present holder is not the same as the original lender, a copy of the endorsement of each successive holder in the chain of transfer from the initial private lender to present holder shall be included. If copies of the endorsement cannot be obtained, best available records of transfer shall be presented to RUS (e.g., order confirmation, cancelled checks, etc). (2) An indemnity bond acceptable to RUS shall accompany the request for replacement except when the holder is the United States, a Federal Reserve Bank, a Federal Government Corporation, a state or territory, or the District of Columbia. The bond may be with or without surety. The bond shall be with surety except when the outstanding principal balance and accrued interest due the present h

official document · source cfr-2024 · id 7:§ 1786.35