7 C.F.R. § 770.6
Rates and terms
(a) Term. Each loan will be scheduled for repayment over a period not to exceed 40 years from the date of the note.
(b) Interest rate. The interest rate charged by the Agency will be the lower of the interest rate in effect at the time of the loan approval or loan closing, which is the current rate available in any FSA office. The rate will be equal to the interest rate for direct farm ownership loans not to exceed 5 percent. Except as provided in § 770.10(b) of this chapter, the interest rate will be fixed for the life of the loan.
Notes of Decisions
Cited in 18
cases, 1983–2005 · leading case: In Re Arnold, 88 B.R. 917 (Bankr. D. Iowa 1988).
In Re Arnold, 88 B.R. 917 (Bankr. D. Iowa 1988). “7 CFR § 770.6 (in pertinent part). The face of the certificate also sets forth the limitation of 7 CFR § 770.”
In Re J. Catton Farms, Inc., Debtor-Appellant v. The First Nat'l Bank of Chicago, 779 F.2d 1242 (1st Cir. 1985). “” 7 C.F.R. § 770.6 (e) (1984). And “except as provided in paragraph (e) of this section, any payment in kind or portion thereof which is due any person shall be made without regard to .”
Matter of Halls, 79 B.R. 417 (Bankr. S.D. Iowa 1987). “Part 770 was published as an interim rule, the Part contained no provision like that now found at 7 C.”
In Re Dwayne Sunberg, Patricia Sunberg, Engaged in Farming, Debtors, 729 F.2d 561 (8th Cir. 1984). “9235 (1983) (to be codified at 7 C.F.R. § 770.6 (e)-(f)). The Sunbergs assert that these provisions evince an administrative intent that they take their PIK benefits free of liens not filed with the county committee and preempt PCA’s security interest in those benefits.”
Matter of Sunberg, 35 B.R. 777 (Bankr. S.D. Iowa 1983). “See 7 CFR § 770.6 (e); (f). 8. On January 12,1983, the Agricultural Stabilization and Conservation Service (“ASCS”) issued interim rules governing the PIK program.”
In Re Lee, 35 B.R. 663 (Bankr. N.D. Ohio 1983). “■ Debtor cites 7 CFR 770.6(f), 48 Fed.Reg. 9235 (Mar. 4, 1983) in support of his argument that these benefits are not subject to any security interest.”
Sec. Bank & Trust Co. v. United States, 31 Fed. Cl. 589 (Fed. Cl. 1994). “153 (b) (1987) and 7 C.F.R. § 770.6 (1987). Part 7, § 713.153(b) provides: Any producer entitled to any payment may assign any such payments which are made in cash in accordance with the regulations governing assignment of payment found at Part 709 of this chapter.”
Adams Bank & Trust v. McQuillan & Spady, P.C. (In Re Curry), 113 B.R. 546 (D. Neb. 1990). “The Court believes the Bank’s reliance on In re Sunberg is misplaced.”
Apple v. Miami Valley Prod. Credit Ass'n, 614 F. Supp. 119 (S.D. Ohio 1985). “25(A) provides that " ‘[proceeds' includes whatever is received upon the sale, exchange, collection, or other disposition of collateral or proceeds.”
Sec. Bank & Trust Co. of Blackwell v. Case (In Re George), 85 B.R. 133 (Bankr. D. Kan. 1988). “7 C.F.R. § 770.6 (f) (1983). The question before the court was whether state law or federal law governed the perfection and transfer of negotiable documents issued under a nationwide federal program.”
Farmers & Merchants Nat'l Bank v. Fairview State Bank, 766 P.2d 330 (Okla. 1988). “7 C.F.R. § 770.6 (f) (1984). 4 . In re Sunberg, 729 F.”
E. Colorado Bank v. Harvie (In Re Harvie), 84 B.R. 197 (Bankr.D. Colo. 1988). “The governing federal regulation at the time of the In re Preisser decision was found at 7 C.F.R. § 770.6 (f) (1983): Any payment in kind or portion thereof which is due any person shall be made without regard to questions of title under state law, and without regard to any…”
— 7 C.F.R. § 770.6(e) — 1 case
Matter of Halls, 79 B.R. 417 (Bankr. S.D. Iowa 1987). “Part 770 was published as an interim rule, the Part contained no provision like that now found at 7 C.”
— 7 C.F.R. § 770.6(f) — 2 cases
In Re Lee, 35 B.R. 663 (Bankr. N.D. Ohio 1983). “■ Debtor cites 7 CFR 770.6(f), 48 Fed.Reg. 9235 (Mar. 4, 1983) in support of his argument that these benefits are not subject to any security interest.”
Apple v. Miami Valley Prod. Credit Ass'n, 614 F. Supp. 119 (S.D. Ohio 1985). “25(A) provides that " ‘[proceeds' includes whatever is received upon the sale, exchange, collection, or other disposition of collateral or proceeds.”
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