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§ 767.1 - Introduction.

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Purpose. This part describes the Agency's policies for:

Managing inventory property;

Selling inventory property;

Leasing inventory property;

Managing real and chattel property the Agency takes into custody after abandonment by the borrower;

Selling or leasing inventory property with important resources, or located in special hazard areas; and

Conveying interest in real property for conservation purposes.

Basic policy. The Agency maintains, manages and sells inventory property as necessary to protect the Agency's financial interest.

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§ 767.2 - Abbreviations and definitions.