Is it true that an offer to convey real estate security may be accepted before the Agency official meets with the borrower?

The statement is false because, in the context of farm loans and the processes involved, an offer to convey real estate security typically requires that the Agency official engages directly with the borrower before any acceptance of the offer can take place. This interaction is crucial as it allows the official to assess the borrower's qualifications and ensure that all necessary documentation and information are reviewed.

Meeting with the borrower establishes a point of contact and provides the borrower a clear understanding of their obligations and the terms of the security being offered. This communication is essential to protect both parties and to ensure compliance with regulatory requirements.

Thus, the process is designed to ensure that proper protocols are followed, safeguarding the interests of both the lender and the borrower, making it clear that an acceptance is not valid until this necessary meeting occurs.