7 C.F.R. § 765.203

Current through October 31, 2024
Section 765.203 - Protective advances

When necessary to protect the Agency's security interest, costs incurred for the following actions will be charged to the borrower's account:

(a) Maintain abandoned security property;
(b) Preserve inadequately maintained security;
(c) Pay real estate taxes and assessments;
(d) Pay property, hazard, or flood insurance;
(e) Pay harvesting costs;
(f) Maintain Agency security instruments;
(g) Pay ground rents;
(h) Pay expenses for emergency measures to protect the Agency's collateral; and
(i) Protect the Agency from actions by third parties.

7 C.F.R. § 765.203