7 CFR § 766.457Chapter VII
Canceling a DBSA agreement
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) The Agency will cancel a DBSA agreement if the Agency takes any PLS action on the loan.
(b) The Agency will cancel a DBSA agreement if the borrower pays the:
(1) Current market value buyout in accordance with § 766.113; or
(2) The set-aside installment.
eCFR data current as of: November 6, 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.