borrower-owner
Defined in 1 dictionary — U.S. Code
United States Code
7 U.S.C. § 1985 — under this chapter
As used in this paragraph, the term “borrower-owner” means—
(i) a borrower from whom the Secretary acquired real farm or ranch property (including the principal residence of the borrower) used to secure any loan made to the borrower under this chapter; or
(ii) in any case in which an owner of property pledged the property to secure the loan and the owner is different than the borrower, the owner.
7 U.S.C. § 2000 — as used in this section (2 versions over time)
The term “borrower-owner” means—
(A) a borrower of a loan made or insured by the Secretary or the Administrator who meets the eligibility requirements of subsection (c)(1); or
(B) in any case in which an owner of homestead property pledged the property to secure the loan and the owner is different than the borrower, the owner.