7 CFR § 761.402 - Abbreviations and definitions.

---
identifier: "/us/cfr/t7/s761.402"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 761.402 - Abbreviations and definitions."
title_number: 7
title_name: "Agriculture"
section_number: "761.402"
section_name: "Abbreviations and definitions."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "761"
part_name: "FARM LOAN PROGRAMS; GENERAL PROGRAM ADMINISTRATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301 and 7 U.S.C. 1989."
regulatory_source: "72 FR 63285, Nov. 8, 2007, unless otherwise noted."
cfr_part: "761"
---


# 761.402 Abbreviations and definitions.

(a) Abbreviations and definitions for terms used in this subpart are provided in 7 CFR part 3 and § 761.2.

(b) Definitions used only in this subpart include:

(1) *Third party converter* means an individual or entity who:

(i) Is in possession of agency security property, or money from the sale of security, in relation to a loan or other debt that the individual or entity was not liable for; or

(ii) Assists, or participates knowingly or unknowingly, in the transportation or sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for; or

(iii) Assists, or participates knowingly or unknowingly, in temporarily or permanently relocating or concealing the location of agency security property, or money from the sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for.

(2) [Reserved]