1788.54 Compliance with contracts. 1788.55 Providing RUS evidence. Borrower Insurance Requirements Sec. 1788.1 General and definitions. This part implements those provisions by setting forth the requirements to be met by all borrowers.
Irregularity has the meaning found in Sec.
Loan documents means the loan agreement, notes, and mortgage evidencing or used in conjunction with an RUS loan. Mortgage means the mortgage, deed of trust, security agreement, or other security document securing an RUS loan. Mortgaged property means any property subject to the lien of a mortgage. RUS means the Rural Utilities Service and includes the Rural Telephone Bank. 1788.2 General insurance requirements.