Notifying potential purchasers
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) States with Central Filing System (CFS). The Agency participates and complies with central filing systems in States where CFS has been organized. In a State with a CFS, the Agency is not required to additionally notify potential purchasers that the Agency has a lien on a borrower's personal property security, unless specifically required by State law.
(b) States without CFS. In a State without CFS, the Agency follows the filing requirements specified for perfecting a lien on a borrower's personal property security under State law. The Agency will distribute the list of personal property and crop borrowers to sale barns, warehouses, and other businesses that buy or sell personal property or crops. In addition, the Agency may provide the list of borrowers to potential purchasers upon request.
[72 FR 63309, Nov. 8, 2007, as amended at 91 FR 56757, Sept. 4, 2026]
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.