12 C.F.R. § 617.7605 How should System institutions document whether the borrower had the financial resources to avoid foreclosure?
Title 12 - Banks and Banking
The right of first refusal applies only to borrowers who did not have the financial resources to avoid foreclosure or voluntary conveyance. A System institution must clearly document in its files whether the borrower had the resources to avoid foreclosure or voluntary conveyance.
Title 12: Banks and Banking
PART 617—BORROWER RIGHTS
Subpart G—Right of First Refusal
§ 617.7605 How should System institutions document whether the borrower had the financial resources to avoid foreclosure?
