Net recovery value.

Net recovery value. The amount available to apply to the outstanding unpaid loan balance after considering the value of the security property and other amounts recovered, and deducting the costs associated with liquidation, acquisition and sale of the property. Net recovery value is calculated differently depending on the type of disposition, as contained in 3555.353.

Source

7 CFR § 3555.10


Scoping language

The definitions and abbreviations in this section apply to this part.

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