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RD Instruction 1955-A Table of Contents Page 1 PART 1955 - PROPERTY MANAGEMENT Subpart A - Liquidation of Loans Secured by Real Estate and             Acquisition of Real and Chattel Property Table of Contents Sec . Page 1955.1 Purpose. 1 1955.2 Policy. 1 1955.3 Definitions. 2 Closing agent. 2 CONACT or CONACT property. 2 Farmer Program loans. 2 Government. 2 Homestead protection. 2 Interest credit. 2 Loans to individuals. 2A Loans to Native Americans. 2A Loans to organizations. 2A Market value. 3 Nonrecoverable cost. 3 OGC. 3 Prior lien. 3 Recoverable cost. 3 Servicing official. 3 1955.4 Redelegation of authority. 3 1955.5 General actions. 4 (a)  Assignment of notes to Rural Development. 4 (b)  Execution of documents. 4 (c)  Unused loan funds. 5 (d)  Payment of costs. 5 (e)  Escrow funds. 5 1955.6 - 1955.8  [Reserved] 5 1955.9 Requirements for voluntary conveyance of real  property located within a federally recognized  Indian reservation owned by a Native American borrower-owner. 5 (09-10-03)  PN 363
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RD Instruction 1955-A Table of Contents Page 2 Sec . Page 1955.10 Voluntary conveyance of real property by the borrower to the Government.  6B (a)  Authority. 6C (b)  Forms and documents. 7 (c)  Liens against the property other than                 Rural Development liens. 7 (d)  Offer of voluntary conveyance. 8 (e)  Appraisal of property. 10 (f)  Processing offer to convey security and acceptance      by Rural Development. 10 (g)  Closing of conveyance. 14 (h)  Actions to be taken after closing conveyance. 15 1955.11 Conveyance of property to Rural Development by trustee in bankruptcy. 16 (a)  Authority. 16 (b)  Fees and deed. 16 (c)  Acceptance. 17 (d)  Reporting. 17 1955.12 Acquisition of property which served as security for a loan guaranteed by Rural Development or at sale by another lienholder, bankruptcy trustee, or taxing authority. 17 1955.13 Acquisition of property by exercise of Government redemption rights. 17 1955.14 Release of a junior lien on HUD/Rural Development           joint security. 17 1955.15 Foreclosure by the Government of loans secured by real estate. 18 (a)  Authority. 18 (b)  Problem case report. 19 (c)  Submission of problem case. 20 (d)  Approval of foreclosure. 20A (e)  Referral of case. 26 (f)  Completion of foreclosure. 27 (g)  Reports on sale and finalizing foreclosure. 29
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RD Instruction 1955-A Table of Contents Page 3 Sec Page 1955.16 - 1955.17  [Reserved] 29 1955.18 Actions required after acquisition of property. 29 (a)  Reporting acquisition. 29 (b)  Existing lease. 30 (c)  Existing management agreement. 30 (d)  Inventory account. 30A (e)  Credit to the borrower's account or foreclosure      judgment account. 31 (f)  Unsatisfied account. 32 (g)  Deficiency judgment. 32 (h)  Homestead protection. 32 (i)  Priority disposal of inventory property. 33 (j)  Debt Settlement. 33
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  • Summer '17
  • allen dasu
  • Government, Trigraph, official., voluntary conveyance, RD Instruction 1955­A

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