Current through October 31, 2024
Section 767.1 - Introduction(a)Purpose. This part describes the Agency's policies for:(1) Managing inventory property;(2) Selling inventory property;(3) Leasing inventory property;(4) Managing real and chattel property the Agency takes into custody after abandonment by the borrower;(5) Selling or leasing inventory property with important resources, or located in special hazard areas; and(6) Conveying interest in real property for conservation purposes.(b)Basic policy. The Agency maintains, manages and sells inventory property as necessary to protect the Agency's financial interest.