RHS, RBS, RUS, FSA, USDA § 1965.55December 12th, 2014
FiledDecember 12th, 2014agreements. Borrowers shall be re- quired to operate their facilities ac- cording to FmHA or its successor agen- cy under Public Law 103–354 regula- tions and applicable State and local laws and regulations. State Directors with the assistance of the Office of General Counsel (OGC) should issue necessary State Supplements to assure compliance with State laws. After careful analysis, and borrower in de- fault who does not evidence prospects of attaining successful operations with- in a reasonable time will have its loan(s) liquidated according to author- izations contained in this subpart and Subpart A of Part 1955 of this chapter.