Chattel security or note-only cases.

CFR · 2024-01-01 · US · Title 7

(a) If a loan secured by both real estate and chattels is paid in full, the chattel security instrument will be satisfied or released in accordance with subpart A of part 1962 of this chapter. (b) When a loan is evidenced by only a note and the note is paid in full, RD will deliver the note to the borrower in the manner prescribed in § 1951.155(c) of this subpart.

official document · source cfr-2024 · id 7:§ 1951.153