7 CFR § 1962.7 - Securing unpaid balances on unsecured loans.

---
identifier: "/us/cfr/t7/s1962.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1962.7 - Securing unpaid balances on unsecured loans."
title_number: 7
title_name: "Agriculture"
section_number: "1962.7"
section_name: "Securing unpaid balances on unsecured loans."
chapter_name: "RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
subchapter_number: "H"
subchapter_name: "PROGRAM REGULATIONS"
part_number: "1962"
part_name: "PERSONAL PROPERTY"
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. 301; 7 U.S.C. 1989; 42 U.S.C. 1480."
regulatory_source: "50 FR 45783, Nov. 1, 1985, unless otherwise noted."
cfr_part: "1962"
---


# 1962.7 Securing unpaid balances on unsecured loans.

The County Supervisor will take a lien on a borrower's chattel property in accordance with § 1962.6 of this subpart if it is necessary to rely on such property for the collection of the borrower's unsecured indebtedness, or if it will assist in accomplishing loan objectives.