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Code · CFR · Title 13 — Business Credit and Assistance · Part 120 — Business Loans · § 120.550

§ 120.550. What is homestead protection for farmers?

63 words·~1 min read·/us/cfr/t13/s§ 120.550·

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SBA may lease to a farmer-Borrower the farm residence occupied by the Borrower and a reasonable amount of adjoining property (no more than 10 acres and seven farm buildings), if they were acquired by SBA as a result of a defaulted farm loan made or guaranteed by SBA (see the Consolidated Farm and Rural Development Act, 7 U.S.C. 1921, for qualifying loan purposes).
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§ 120.550
What is homestead protection for farmers?
U.S.C.§ 1921
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