Junior liens.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) The borrower's ability to make scheduled loan payments is not jeopardized; (2) The borrower provides the Agency a copy of the farm operating plan submitted to the junior lienholder, and the plan is consistent with the Agency operating plan; (3) The total debt against the security does not exceed the security's market value; (4) The junior lienholder agrees in writing not to foreclose the security instrument unless written notice is provided to the Agency; (5) The borrower is unable to graduate on any program except for CL; and (6) The junior lien will not otherwise adversely impact the Agency's financial interests.

official document · source cfr-2024 · id 7:§ 765.206