7 C.F.R. § 761.402

Current through November 30, 2024
Section 761.402 - Abbreviations and definitions
(a) Abbreviations and definitions for terms used in this subpart are provided in 7 CFR part 3 and § 761.2 .
(b) Definitions used only in this subpart include:
(1)Third party converter means an individual or entity who:
(i) Is in possession of agency security property, or money from the sale of security, in relation to a loan or other debt that the individual or entity was not liable for; or
(ii) Assists, or participates knowingly or unknowingly, in the transportation or sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for; or
(iii) Assists, or participates knowingly or unknowingly, in temporarily or permanently relocating or concealing the location of agency security property, or money from the sale of agency security, in relation to a loan or other debt that the individual or entity was not liable for.
(2) [Reserved]

7 C.F.R. §761.402

85 FR 36691 , 6/17/2020