CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE (parts 3550 to 3575) > PART 3575—GENERAL > SUBPART A—Community Programs Guaranteed Loans (§3575.1 to §3575.100) > 3575.96—Termination of Loan Note Guarantee.

3575.96—Termination of Loan Note Guarantee.

The Loan Note Guarantee under this subpart will terminate automatically:
(a) Upon full payment of the guaranteed loan; or
(b) Upon full payment of any loss obligation or negotiated loss settlement except for future recovery provisions; or
(c) Upon written request from the lender to the Agency, provided that the lender holds all of the guaranteed portion and the original Loan Note Guarantee is returned to the Agency.