Payment of fees and insurance premiums.

CFR · 2024-01-01 · US · Title 7

(a) (2) Satisfactions. The borrower must pay fees for filing or recording satisfactions or termination statements unless a State supplement based on State law requires Rural Development to pay them. (3) Notary fees. Rural Development will pay fees for notary service for executing releases, subordinations, and related documents for and on behalf of Rural Development if the service cannot be obtained without cost. (b) (1) A borrower cannot pay the premiums from the borrower's own resources at the time due; (2) Anticipated crop income does not materialize which would normally be released for the payment of crop insurance. (3) It is not pratical to process a loan for that purpose; (4) It is necessary to protect Rural Development's interests; and (5) The amount advanced can be charged to the borrower under the provisions of the security instrument.

official document · source cfr-2024 · id 7:§ 1962.29