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P art I I b e g in s o n p a g e 10981

Part I

VOLUME

22

19 3 4

c? y
t/AHTED

NUMBER 251

Washington, Saturday, December 28, 7957

CONTENTS

TITLE 6 AGRICULTURAL CREDIT
Chapter III Fanners Home Adminis tration, Department of Agriculture Subchapter E Account Servicing
PHA Instruction 451.51
P art 361 R ou tine NOTICE AND ACKNOWLEDGEMENT OP FINAL
PAYMENT

Paragraph d of 361.23 is revoked and paragraphs a, b, and c of 361.23, Title 6, Code of Federal Regu lations 21 F. R. 5556 are revised to simplify notification to the holder by the Finance Office when payment in full of the insured loan account is from bor rowers funds, refinancing by a new lender on a noninsured basis, and sale of farm except when the holder finances the purchaser. The revised portion reads as follows:
361.23 Payment in full from bor rowers funds, refinancing by a new lender on a noninsured basis, and sale of a farm except when holder finances purchaser.
a:Determining balance of indebted ness and collection. When the borrower is ready to make his final payment, the County Supervisor will, upon receipt of Form FHA-835 from the Finance Office, compute the amount necessary to re pay in full the note and loan insurance accounts.
1 The County Supervisor will collect from the borrower the full amount, if any, owed the loan insurance account and the balance of the principal and in terest due on the note account. He will remit the collection to the Finance Office with Form FHA-37. The County Super visor also will inform th e Finance Office of the requirements in the loan closing instruction with respect to a satisfaction or release of mortgage.
2 Since the Farmers Home Admin istration is the collection agent for the n? r County Supervisor will advise orrwer, purchaser, or new lender, as the case may be, that the remittance owi 7la Payment should be made pay able to, or endorsed to, the order of the farmers Home Administration.
b Finance Office action1 Adrustment of records. Upon receipt of the collection in the Finance Office, if the
This issue includes two parts bound together. Part II contains a revi sion of 47 CFR Part 1, Federal Communications Commission.

Agricultural Marketing Service
Rules and regulations:
Cotton classification under cot ton futures legislation---------Cottonseed sold or offered for sale for crushing purposes inspection, sampling, and certification______________
Egg products, grading and in spection__________________
Limitation of handling :
Lemons grownin California and Arizona------------------Oranges, navel, grown in Arizona and designated . part of California________
Poultry and edible products thereof, grading and inspec tion, U. S. standards, classes and grades_______________
Shell eggs, grading and inspec tion, U. S. standards, grades, and weight classes_________

Page
10923

collection pays in full the outstanding balance of the loan insurance account to 10923
the date of the receipt issued to the bor rower, and the outstanding balance of 10953
the note account to the date of the U. S.
Treasury check to be issued to the holder, the Director, Finance Office, will satisfy 10955
the Finance Office records as a fully paid account.
2 Notice to holder. The Finance 10955
Office will prepare Form FHA-993A, No tice and Acknowledgment of Final Pay ment, and forward to the holder the original and one copy for execution and 10954
return of the original, together with the canceled promissory note and any other instruments indicated on Form FHA10954
993A, to the appropriate County Super Agricultural Research Service visor.
and regulations:
c County Office action. Upon re Rules Anti-hog-cholera serum and ceipt from the holder of the canceled hog-cholera virus; handling. 10907
promissory note and the original of the completed Form FHA-993A, and in the Agriculture Department case of an insured loan for which the See also Agricultural Marketing Service; Agricultural Research lender holds the mortgage, also receipt Service; Commodity Credit Cor of the real estate mortgage and an in poration; Commodity Stabiliza strument of satisfaction or release, the tion Service; Farmers Home County Supervisor will proceed as fol Administration.
lows:
1 In the case of an insured loan forNotices:
Claimant agencies with respect which the lender held the mortgage, or to food, designation________ 10964
an insured loan for which the mortgage has been assigned to the Government in Army Department trust, the instrument of satisfaction asr Rules and regulations:

release furnished by the lender or by Procurement regulations; mis the County Supervisor in accordance cellaneous amendments____ 10919
with 361.22 d and Form FHA-366
Atomic Energy Commission will be delivered to. the borrower, mort gagee purchaser, or the recorder of Notices:
Uranium-233; guaranteed fair deeds and mortgages, as the case may prices____________________ 10965
require. The canceled promissory note Civil Aeronautics Acfipinistraand the satisfied real estate mortgage tion will be delivered to the borrower. Ex cept in the case of sale transfer of Notices :
Establishment of two new Air farm within the program, any abstracts port District Offices with nec of title held by the Farmers Home Ad essary revisions in areas ministration which are the property of served by District Office 1___ 10965
the borrower also will be delivered to Rules and regulations:
the borrower. The County Supervisor Civil airways, designation; al Continued on p. 10887
terations _________ ______ 10912
10885