7 CFR 761.53
§ 761.53 Interest bearing accounts.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 761.53, § 761.53 Interest bearing accounts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19727
- Permanent ID
ys:prov:19727@1- SHA-256
582a022cfcbc1415b7dcc8cca03c510364a0408a2baee6f9d3cc2b96e7dce100
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A supervised bank account, if possible, will be established as an interest bearing deposit account provided that the funds will not be immediately disbursed, and the account is held jointly by the borrower and the Agency if this arrangement will benefit the borrower.
(b) Interest earned on a supervised bank account will be treated as normal income security.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.