Code of Federal Regulations Title 7. Agriculture § 7.765.405 Payment of costs associated with transfers

(a) Any cash equity due the transferor is applied first to payment of costs and the transferor does not receive any cash payment above these costs;

(b) The transferee's payoff of any junior liens does not exceed $5,000;

(c) Fees are customary and reasonable;

(d) The transferee can verify that personal funds are available to pay transferor and transferee fees;  and

(e) Any equity due the transferor is held in escrow by an Agency designated closing agent and is disbursed at closing.