(a) AMP loans. If the borrower does not make arrangements to cure the default after notice by the Agency and is not eligible for reamortization in accordance with Sec. 772.14, the Agency will liquidate the account according to Sec. 772.16.
(b) IMP loans. Delinquent IMP borrowers will be serviced according to 7 CFR part 3, part 766, and part 1951, subpart C, concerning internal agency offset and referral to the Department of the Treasury Offset Program and Treasury Cross-Servicing (or successor regulations). [68 FR 69949, Dec. 16, 2003, as amended at 72 FR 64121, Nov. 15, 2007]