7 CFR 1720.11 – Servicing
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The Secretary, or other agent of the Secretary on his or her behalf, shall have the right to service the guaranteed bond, and periodically inspect the facilities, assets, books, and accounts of the guaranteed lender or the collateral agent to ascertain compliance with the provisions of the RE Act and the bond documents.
Terms Used In 7 CFR 1720.11
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.