1900.101—General.
         This subpart provides Agency policy concerning:
    
    
        
        (a) 
         The applicability of Federal rather than State Law in the conduct of Farmers Home Administration (FmHA) or its successor agency under Public Law 103-354 operations, and
    
    
        
        (b) 
         The liability of an auctioneer for conversion of personal property mortgaged to FmHA or its successor agency under Public Law 103-354.