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South Carolina CONVERTING PROPERTY PLEDGED TO FARM CREDIT AGENCIES

State:
South Carolina
Control #:
SC-FEDDC-JURY-18-658-CR
Format:
Word
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Description

Official Pattern Jury Instructions for Criminal Cases in Federal District Court of South Carolina. All converted to Word format. Please see the official site for addional information. http://www.scd.uscourts.gov/pji/ South Carolina CONVERTING PROPERTY PLEDGED TO FARM CREDIT AGENCIES is a process by which property pledged as security for a loan from a farm credit agency is converted into cash. The process is used by borrowers when they are unable to repay the loan and the agency must take possession of the pledged property. In South Carolina, there are two types of converting property pledged to farm credit agencies: forced sale and non-forced sale. In a forced sale, the property is sold by the agency or by an auctioneer to the highest bidder. In a non-forced sale, the property is sold by the agency directly to an approved buyer. In both cases, the proceeds from the sale are used to repay the loan.

South Carolina CONVERTING PROPERTY PLEDGED TO FARM CREDIT AGENCIES is a process by which property pledged as security for a loan from a farm credit agency is converted into cash. The process is used by borrowers when they are unable to repay the loan and the agency must take possession of the pledged property. In South Carolina, there are two types of converting property pledged to farm credit agencies: forced sale and non-forced sale. In a forced sale, the property is sold by the agency or by an auctioneer to the highest bidder. In a non-forced sale, the property is sold by the agency directly to an approved buyer. In both cases, the proceeds from the sale are used to repay the loan.

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South Carolina CONVERTING PROPERTY PLEDGED TO FARM CREDIT AGENCIES