7 CFR § 763.14 - Appraisals.

---
identifier: "/us/cfr/t7/s763.14"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 763.14 - Appraisals."
title_number: 7
title_name: "Agriculture"
section_number: "763.14"
section_name: "Appraisals."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "763"
part_name: "LAND CONTRACT GUARANTEE PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 501 and 7 U.S.C. 1989."
regulatory_source: "76 FR 75430, Dec. 2, 2011, unless otherwise noted."
cfr_part: "763"
---


# 763.14 Appraisals.

(a) *Standard guarantee plan.* For the standard guarantee plan, the value of real estate to be purchased will be established by an appraisal obtained at Agency expense and completed as specified in § 761.7 of this chapter. An appraisal is required prior to, or as a condition of, approval of the guarantee.

(b) *Prompt payment guarantee plan.* The Agency may, at its option and expense, obtain an appraisal to determine value of real estate to be purchased under the Prompt Payment Guarantee plan.