United States Code
USC most recently checked for updates: Jul 03, 2022
Current fair market value under subsection (a) of this section shall be determined through an appraisal by an independent qualified fee appraiser, selected by mutual agreement between the borrower and the Secretary of Agriculture.
The cost of appraisals undertaken under paragraph (1) shall be paid by the borrower.
A borrower that had a loan or loans reduced under this section shall not submit an application for another reduction on such loan or loans for a period of 5 years after the initial reduction.