[Code of Federal Regulations]
[Title 7, Volume 14]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1965.74]

[Page 381]
 
                          TITLE 7--AGRICULTURE
 
   CHAPTER XVIII--RURAL HOUSING SERVICE, RURAL BUSINESS--COOPERATIVE 
SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF 
                         AGRICULTURE (CONTINUED)
 
PART 1965--REAL PROPERTY--Table of Contents
 
        Subpart B--Security Servicing for Multiple Housing Loans
 
Sec.  1965.74  Divorce actions.

    When individual borrowers with loans are involved in a divorce 
action, the District Director will review the case after the final 
divorce decree has been granted to determine if any action is needed for 
the future servicing of the account. The District Office file will be 
submitted to the State Director for advice if the District Director is 
uncertain of the servicing actions needed to protect the FmHA or its 
successor agency under Public Law 103-354's interest or if continuation 
of the loan with the remaining borrower is not authorized. No subsequent 
loan will be made to pay any equity as a result of a divorce action.