7 CFR § 764.205 - Security requirements.

---
identifier: "/us/cfr/t7/s764.205"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 764.205 - Security requirements."
title_number: 7
title_name: "Agriculture"
section_number: "764.205"
section_name: "Security requirements."
chapter_name: "FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE"
subchapter_number: "D"
subchapter_name: "SPECIAL PROGRAMS"
part_number: "764"
part_name: "DIRECT LOAN MAKING"
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 63298, Nov. 8, 2007, unless otherwise noted."
cfr_part: "764"
---


# 764.205 Security requirements.

A Down payment loan must:

(a) Be secured in accordance with §§ 764.103 through 764.106;

(b) Be secured by a lien on the property being acquired with the loan funds and junior only to the party financing the balance of the purchase price.

[72 FR 63298, Nov. 8, 2007, as amended at 73 FR 74345, Dec. 8, 2008; 86 FR 43392, Aug. 9, 2021]