[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1006b]
TITLE 7--AGRICULTURE
CHAPTER 33--FARM TENANCY
SUBCHAPTER I--TENANT PURCHASE LOANS AND MORTGAGE INSURANCE
Sec. 1006b. Cancellation of entry or purchase upon loan default;
entry or resale; conditions; satisfaction of indebtedness
Any entry or purchase contract land with respect to which a loan is
made under the authority of this section and section 1006a of this title
shall be subject to cancellation by the Secretary of the Interior as
provided by existing law or upon request of the Secretary of Agriculture
whenever default occurs in the terms, conditions, covenants, or
obligations contained in the mortgage. After cancellation or
relinquishment of an entry or purchase contract, land on which there is
a mortgage lien, pursuant to the provisions of said sections, shall
thereafter, except a
