Current through September 30, 2024
Section 765.251 - General(a) A borrower is required to be the operator of Agency security in accordance with loan purposes, loan agreements, and security instruments.(b) A borrower who fails to operate the security without Agency consent is in violation of loan agreements and security instruments.(c) The Agency will consider a borrower's request to lease or cease to operate the security as provided in §§ 765.252 and 765.253 .