CFR 7-3555.356-2013
Agriculture. Part3555:Guaranteed rural housing program(eff.9-1-14). Section3555.356:Future recovery.

Standard No.
CFR 7-3555.356-2013
Release Date
2013
Published By
US-CFR-file
Latest
CFR 7-3555.356-2013
Scope
The lender must notify the Agency upon sale of an REO property. If the lender recovers additional funds after the loss claim has been paid, the proceeds will be distributed so that the total loss to the Government is equivalent to the loss that would have been incurred had the recovered amount been included in the initial loss calculation.

CFR 7-3555.356-2013 history

  • 2013 CFR 7-3555.356-2013 Agriculture. Part3555:Guaranteed rural housing program(eff.9-1-14). Section3555.356:Future recovery.



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