45 C.F.R. § 30.18 Liquidation of collateral.
Title 45 - Public Welfare
If the Secretary holds a security instrument with a power of sale or has physical possession of collateral, the Secretary will liquidate the security or collateral when it is cost-effective to do so and apply the proceeds to an overdue debt. The Secretary will give the debtor reasonable notice of the sale and an accounting of any surplus proceeds and will comply with other requirements under law or contract.
Title 45: Public Welfare
PART 30—CLAIMS COLLECTION
Subpart B—Collection of Claims
§ 30.18 Liquidation of collateral.
