Conditions for transfer of real estate and chattel security.

CFR · 2024-01-01 · US · Title 7

(a) (2) All transferees will become personally liable for the debt and assume the full responsibilities and obligations of the debt transferred when the transfer and assumption is complete. If the transferee is an entity, the entity and each entity member must assume personal liability for the loan. (3) A transfer and assumption will only be approved if the Agency determines it is in the Agency's financial interest. (b)

official document · source cfr-2024 · id 7:§ 765.401