Requirements for release. (1) The Agency may release the transferor from liability when all of the security is transferred and the total out- standing debt is assumed. (2) If an outstanding debt balance will remain and only part of the trans- feror’s Agency security is transferred, the written request for release of li- ability will not be approved, unless the deficiency is otherwise resolved to the Agency’s satisfaction.
Appears in 4 contracts
Samples: Training Agreement, Training Agreement, Training Agreement
