Title 7

PART 1955

Part 1955 - Property Management

PART 1955 - PROPERTY MANAGEMENT Authority:5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480. Source:50 FR 23904, June 7, 1985, unless otherwise noted. Editorial Note:Nomenclature changes to part 1955 appear at 80 FR 9895, Feb. 24, 2015.

7:14.1.1.1.3.1SUBPART A
Subpart A - Liquidation of Loans Secured by Real Estate and Acquisition of Real and Chattel Property
7:14.1.1.1.3.1.7.1SECTION 1955.1
   1955.1 Purpose.
7:14.1.1.1.3.1.7.2SECTION 1955.2
   1955.2 Policy.
7:14.1.1.1.3.1.7.3SECTION 1955.3
   1955.3 Definitions.
7:14.1.1.1.3.1.7.4SECTION 1955.4
   1955.4 Redelegation of authority.
7:14.1.1.1.3.1.7.5SECTION 1955.5
   1955.5 General actions.
7:14.1.1.1.3.1.7.6SECTION 1955.6-1955.8
   1955.6-1955.8 [Reserved]
7:14.1.1.1.3.1.7.7SECTION 1955.9
   1955.9 Requirements for voluntary conveyance of real property located within a federally recognized Indian reservation owned by a Native American borrower-owner.
7:14.1.1.1.3.1.7.8SECTION 1955.10
   1955.10 Voluntary conveyance of real property by the borrower to the Government.
7:14.1.1.1.3.1.7.9SECTION 1955.11
   1955.11 Conveyance of property to Rural Development by trustee in bankruptcy.
7:14.1.1.1.3.1.7.10SECTION 1955.12
   1955.12 Acquisition of property which served as security for a loan guarantee by Rural Development or at sale by another lienholder, bankruptcy trustee, or taxing authority.
7:14.1.1.1.3.1.7.11SECTION 1955.13
   1955.13 Acquisition of property by exercise of Government redemption rights.
7:14.1.1.1.3.1.7.12SECTION 1955.14
   1955.14 [Reserved]
7:14.1.1.1.3.1.7.13SECTION 1955.15
   1955.15 Foreclosure by the Government of loans secured by real estate.
7:14.1.1.1.3.1.7.14SECTION 1955.16-1955.17
   1955.16-1955.17 [Reserved]
7:14.1.1.1.3.1.7.15SECTION 1955.18
   1955.18 Actions required after acquisition of property.
7:14.1.1.1.3.1.7.16SECTION 1955.19
   1955.19 [Reserved]
7:14.1.1.1.3.1.7.17SECTION 1955.20
   1955.20 Acquisition of chattel property.
7:14.1.1.1.3.1.7.18SECTION 1955.21
   1955.21 Exception authority.
7:14.1.1.1.3.1.7.19SECTION 1955.22
   1955.22 State supplements.
7:14.1.1.1.3.1.7.20SECTION 1955.23-1955.49
   1955.23-1955.49 [Reserved]
7:14.1.1.1.3.1.7.21SECTION 1955.50
   1955.50 OMB control number.
7:14.1.1.1.3.1.7.22.6APPENDIX
   Exhibits A-F to Subpart A of Part 1955 [Reserved]
7:14.1.1.1.3.2SUBPART B
Subpart B - Management of Property
7:14.1.1.1.3.2.7.1SECTION 1955.51
   1955.51 Purpose.
7:14.1.1.1.3.2.7.2SECTION 1955.52
   1955.52 Policy.
7:14.1.1.1.3.2.7.3SECTION 1955.53
   1955.53 Definitions.
7:14.1.1.1.3.2.7.4SECTION 1955.54
   1955.54 Redelegation of authority.
7:14.1.1.1.3.2.7.5SECTION 1955.55
   1955.55 Taking abandoned real or chattel property into custody and related actions.
7:14.1.1.1.3.2.7.6SECTION 1955.56
   1955.56 Real property located in Coastal Barrier Resources System (CBRS).
7:14.1.1.1.3.2.7.7SECTION 1955.57
   1955.57 Real property containing underground storage tanks.
7:14.1.1.1.3.2.7.8SECTION 1955.58-1955.59
   1955.58-1955.59 [Reserved]
7:14.1.1.1.3.2.7.9SECTION 1955.60
   1955.60 Inventory property subject to redemption by the borrower.
7:14.1.1.1.3.2.7.10SECTION 1955.61
   1955.61 Eviction of persons occupying inventory real property or dispossession of persons in possession of chattel property.
7:14.1.1.1.3.2.7.11SECTION 1955.62
   1955.62 Removal and disposition of nonsecurity personal property from inventory real property.
7:14.1.1.1.3.2.7.12SECTION 1955.63
   1955.63 Suitability determination.
7:14.1.1.1.3.2.7.13SECTION 1955.64
   1955.64 [Reserved]
7:14.1.1.1.3.2.7.14SECTION 1955.65
   1955.65 Management of inventory and/or custodial real property.
7:14.1.1.1.3.2.7.15SECTION 1955.66
   1955.66 Lease of real property.
7:14.1.1.1.3.2.7.16SECTION 1955.67-1955.71
   1955.67-1955.71 [Reserved]
7:14.1.1.1.3.2.7.17SECTION 1955.72
   1955.72 Utilization of inventory housing by Federal Emergency Management Agency (FEMA) or under a Memorandum of Understanding between the Agency and the Department of Health and Human Services (HHS) for transitional housing for the homeless.
7:14.1.1.1.3.2.7.18SECTION 1955.73-1955.80
   1955.73-1955.80 [Reserved]
7:14.1.1.1.3.2.7.19SECTION 1955.81
   1955.81 Exception authority.
7:14.1.1.1.3.2.7.20SECTION 1955.82
   1955.82 State supplements.
7:14.1.1.1.3.2.7.21SECTION 1955.83-1955.99
   1955.83-1955.99 [Reserved]
7:14.1.1.1.3.2.7.22SECTION 1955.100
   1955.100 OMB control number.
7:14.1.1.1.3.2.7.23.7APPENDIX
   Exhibit A to Subpart B of Part 1955 - Memorandum of Understanding Between the Federal Emergency Management Agency and Rural Development
7:14.1.1.1.3.2.7.23.8APPENDIX
   Exhibit B to Subpart B of Part 1955 - Notification of Tribe of Availability of Farm Property for Purchase
7:14.1.1.1.3.2.7.23.9APPENDIX
   Exhibit C to Subpart B of Part 1955 - Cooperative Agreement (Example)
7:14.1.1.1.3.2.7.23.10APPENDIX
   Exhibit D to Subpart B of Part 1955 - Fact Sheet - The Federal Interagency Task Force on Food and Shelter for the Homeless
7:14.1.1.1.3.3SUBPART C
Subpart C - Disposal of Inventory Property
7:14.1.1.1.3.3.7SUBJGRP 7
   Consolidated Farm and Rural Development Act (CONACT) Real Property
7:14.1.1.1.3.3.7.1SECTION 1955.101
   1955.101 Purpose.
7:14.1.1.1.3.3.7.2SECTION 1955.102
   1955.102 Policy.
7:14.1.1.1.3.3.7.3SECTION 1955.103
   1955.103 Definitions.
7:14.1.1.1.3.3.7.4SECTION 1955.104
   1955.104 Authorities and responsibilities.
7:14.1.1.1.3.3.7.5SECTION 1955.105
   1955.105 Real property affected (CONACT).
7:14.1.1.1.3.3.7.6SECTION 1955.106
   1955.106 Disposition of farm property.
7:14.1.1.1.3.3.7.7SECTION 1955.107
   1955.107 Sale of FSA property (CONACT).
7:14.1.1.1.3.3.7.8SECTION 1955.108
   1955.108 Sale of (CONACT) property other than FSA property.
7:14.1.1.1.3.3.7.9SECTION 1955.109
   1955.109 Processing and closing (CONACT).
7:14.1.1.1.3.3.8SUBJGRP 8
   Rural Housing (RH) Real Property
7:14.1.1.1.3.3.8.10SECTION 1955.110
   1955.110 [Reserved]
7:14.1.1.1.3.3.8.11SECTION 1955.111
   1955.111 Sale of real estate for RH purposes (housing).
7:14.1.1.1.3.3.8.12SECTION 1955.112
   1955.112 Method of sale (housing).
7:14.1.1.1.3.3.8.13SECTION 1955.113
   1955.113 Price (housing).
7:14.1.1.1.3.3.8.14SECTION 1955.114
   1955.114 Sales steps for program property (housing).
7:14.1.1.1.3.3.8.15SECTION 1955.115
   1955.115 Sales steps for nonprogram (NP) property (housing).
7:14.1.1.1.3.3.8.16SECTION 1955.116
   1955.116 Requirements for sale of property not meeting decent, safe and sanitary (DSS) standards (housing).
7:14.1.1.1.3.3.8.17SECTION 1955.117
   1955.117 Processing credit sales on program terms (housing).
7:14.1.1.1.3.3.8.18SECTION 1955.118
   1955.118 Processing cash sales or MFH credit sales on NP terms.
7:14.1.1.1.3.3.8.19SECTION 1955.119
   1955.119 Sale of SFH inventory property to a public body or nonprofit organization.
7:14.1.1.1.3.3.8.20SECTION 1955.120
   1955.120 Payment of points (housing).
7:14.1.1.1.3.3.9SUBJGRP 9
   Chattel Property
7:14.1.1.1.3.3.9.21SECTION 1955.121
   1955.121 Sale of acquired chattels (chattel).
7:14.1.1.1.3.3.9.22SECTION 1955.122
   1955.122 Method of sale (chattel).
7:14.1.1.1.3.3.9.23SECTION 1955.123
   1955.123 Sale procedures (chattel).
7:14.1.1.1.3.3.9.24SECTION 1955.124
   1955.124 Sale with inventory real estate (chattel).
7:14.1.1.1.3.3.9.25SECTION 1955.125-1955.126
   1955.125-1955.126 [Reserved]
7:14.1.1.1.3.3.10SUBJGRP 10
   Use of Contractors To Dispose of Inventory Property
7:14.1.1.1.3.3.10.26SECTION 1955.127
   1955.127 Selection and use of contractors to dispose of inventory property.
7:14.1.1.1.3.3.10.27SECTION 1955.128
   1955.128 Appraisers.
7:14.1.1.1.3.3.10.28SECTION 1955.129
   1955.129 Business brokers.
7:14.1.1.1.3.3.10.29SECTION 1955.130
   1955.130 Real estate brokers.
7:14.1.1.1.3.3.10.30SECTION 1955.131
   1955.131 Auctioneers.
7:14.1.1.1.3.3.11SUBJGRP 11
   General
7:14.1.1.1.3.3.11.31SECTION 1955.132
   1955.132 Pilot projects.
7:14.1.1.1.3.3.11.32SECTION 1955.133
   1955.133 Nondiscrimination.
7:14.1.1.1.3.3.11.33SECTION 1955.134
   1955.134 Loss, damage, or existing defects in inventory real property.
7:14.1.1.1.3.3.11.34SECTION 1955.135
   1955.135 Taxes on inventory real property.
7:14.1.1.1.3.3.11.35SECTION 1955.136
   1955.136 Environmental review requirements.
7:14.1.1.1.3.3.11.36SECTION 1955.137
   1955.137 Real property located in special areas or having special characteristics.
7:14.1.1.1.3.3.11.37SECTION 1955.138
   1955.138 Property subject to redemption rights.
7:14.1.1.1.3.3.11.38SECTION 1955.139
   1955.139 Disposition of real property rights and title to real property.
7:14.1.1.1.3.3.11.39SECTION 1955.140
   1955.140 Sale in parcels.
7:14.1.1.1.3.3.11.40SECTION 1955.141
   1955.141 Transferring title.
7:14.1.1.1.3.3.11.41SECTION 1955.142-1955.143
   1955.142-1955.143 [Reserved]
7:14.1.1.1.3.3.11.42SECTION 1955.144
   1955.144 Disposal of NP or surplus property to, through, or acquisition from other agencies.
7:14.1.1.1.3.3.11.43SECTION 1955.145
   1955.145 Land acquisition to effect sale.
7:14.1.1.1.3.3.11.44SECTION 1955.146
   1955.146 Advertising.
7:14.1.1.1.3.3.11.45SECTION 1955.147
   1955.147 Sealed bid sales.
7:14.1.1.1.3.3.11.46SECTION 1955.148
   1955.148 Auction sales.
7:14.1.1.1.3.3.11.47SECTION 1955.149
   1955.149 Exception authority.
7:14.1.1.1.3.3.11.48SECTION 1955.150
   1955.150 State supplements.
7:14.1.1.1.3.3.12.49.11APPENDIX
   Exhibit A to Subpart C of Part 1955 - Notice of Flood, Mudslide Hazard or Wetland Area