Civil and criminal cases.

CFR · 2024-01-01 · US · Title 7

All cases in which court actions to effect collection or to enforce Rural Development rights are recommended, as well as actions relating to apparent violations of Federal criminal statutes, will be handled under this section. (a) (b) (1) Civil action will be recommended when one or more of the following conditions exists: (i) There is a need to repossess security or EO property or to foreclose a (ii) There is a need for filing claims against third parties because of a conversion of security or other action. (iii) Payment due on debts are not made in accordance with the borrower's ability to pay, and the borrower has assets or income from which collection can be made. (iv) The borrower has progressed to the point that credit can be obtained from other sources, has agreed in the note or other instrument to do so, but refuses to comply with that agreement. (v) Rural Development or its security becomes involved in court action through foreclosure by a third-party lienholder or through some other action. (vi) Other conditions exist which indicate that court action may be necessary to protect Rural Development 's interests. (2) Claims of less than $600 principal will not be referred to OGC for court action unless: (i) A statement of facts is submitted as to the exact manner in which the interest of Rural Development, other than recovery of the amount involved, would be adversely affected if suit were not filed; and (ii) Collection of a substantial part of the claim can be made fro

official document · source cfr-2024 · id 7:§ 1962.49