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1934

c A/iTEO

NUMBER 241

Washington, Thursday, December 13, 1956

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture FH A Instruction 427.1

P art 307 T it l e C learance P art 327 T it l e C learance
Part 327, Title 6, Code of Federal Regulations, is revoked, and a new P a rt 307 entitled Title Clearance is estab lished in Title 6, and Subpart A of Part 307 is added to read as follows:
Subpart A Title Clearance and Loan Closing Sec.
307.1 General.
307.2 Designated attorneys in initial loan cases.
307.3 Title insurance in Initial loan cases.
307.4 Local attorneys in initial loan cases.
307.5 Subsequent loans.
307.6 Additional requirements in connec tion with loans to homestead entrymen, contract purchasers of farm units from the Bureau of Reclama tion, and certain Indians.

Authority: 307.1 to 307.6 issued under " s - 181, sec. 41 i , 60 Stat. 1066, sec. 4
c, 64 Stat. 100, sec. 510 g , 63 Stat. 438, ec- 6 3, 50 Stat. 870, sec. 10 a 7 , 68 Stat. 735; 5 U. S. C. 22, 7 U. S. C. 1015 i , 0 U. S. C. 442 c , 42 U. S. C. 1480 g , 16 u - S. C. 590w 3, 590X-3 a 7. Inter pret or apply sec. 3, 60 Stat. 1074, 70 Stat. 801, sec. 12, 60 Stat. 1076, sec. 16, 69 Stat. 553, 70 Stat. 802, sec. 44 b , c , 60 Stat. 1069, sec. 502 b , 63 Stat. 433, sec. 1, 63 Stat.
83, sec. 2 3, 50 Stat. 869, secs. 9, 10, 68
>tat. 735, 736, 7 U. S. C. 1003, 1005b, 1006a, TO18 b, C, 42 U. S. C. 1472 b , 16 U. S. C.
690s 3, 590X-2, 590x-3.
SUBPART

a t it l e
clea ra n c e
and
lo a n
CLOSING

307.1 General a Farm Ownerstop, Farm Housing and Individual Soil Wo Water Conservation loans. This ubpart contains the title clearance and an closing authorities, policies, and Procedures for the following types of ans which involve real estate security:
tr . AH initial Farm Ownership, Farm poking, and individual Soil and Water Conservation loans.
Subsequent direct Farm Ownersenn0S+ equent Farm Housing, and suby ent insured and direct individual Soil
and Water Conservation loans, except CONTENTS
those in connection with transfers and assumptions or credit sales by the Gov Agricultural Marketing Service ernment.
Rules and regulations:
b Other types of loans and transac Fresh fruits, vegetables and tions. Title clearance and closing for all other products, inspection, other loans and transactions involving certification and standards;
real estate security will be handled as U. S. standards for apricots..
p r o v i d e d in regulations applicable Agricultural Research Service thereto.
c Methods of title clearance and loan Rules and regulations:
Domestic quarantine notices;
closing. The necessary legal services for khapra beetle; administra title clearance and loan closing will be tive instructions designating performed by designated attorneys ap premises as regulated areas__
pointed by the State Director, except that:
Agriculture Department 1 In any county or area in a state See also Agricultural Marketing in which the State Director is not able Service; Agricultural Research to obtain the services of a designated at Service; Commodity Stabiliza torney, or in exceptional or complex cases tion Service; Farmers Home in which the State Director determines Administration.
that it would be more reasonable and Notices:
practical to do so, he may authorize the Kansas; designation of area for County Supervisor to use title insurance production emergency loans_
in initial loan cases as provided for in Atomic Energy Commission 307.3, or in subsequent loan cases in volving land acquisition or refinancing Notices:
Applications for utilization fa
as provided for in paragraphs a 2
cility licenses:
and b 2 of 307.5.
Aerojet-General Nucleonics__
2 In any county or area in a state in U. S. Naval Postgraduate which the State Director is not able to School____________________
obtain the services of either a designated attorney or title insurance, or in excep Civil Aeronautics Administra tional or complex cases in which the tion State Director determines that it would Rules and regulations:
be more reasonable and practical to do Standard instrument approach so, he may authorize the County Super procedures; alterations._____
visor to use the services o f a local attor ney as authorized in 307.4 or para Civil Aeronautics Board graphs a 1 or b 1 of 307.5, or Notices:
Hearings, etc.:
he may authorize the handling o f title Chicago and Southern Air clearance and loan closing by o f in ac Lines, Inc. ; reopened Deltacordance with the advice or instructions C&S mail rate case___!____
of the Attorney in Charge.
Lineas Aereas Costarricenses, d Definition of terms. As used in S. A ______________________
this subpart, title clearance includes title examination, mortgage includes Civil Service Commission deed of trust and deed to secure debt, Rules and regulations:
and loan applicant and borrower Health, Education, and Welfare refer to the same person.
Department; exceptions from competitive service 2 docu 307.2 Designated attorneys in initial m ents______________________
loan cases a Designation of attorneys.
The State Director, upon the advice and Commerce Department concurrence of the Attorney in Charge See Civil Aeronautics Adminis as to professional qualifications, is autration; Foreign Commerce Bu Continued on p. 9931
reau; Maritime Administration.
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