7 CFR 765.151

§ 765.151 Handling payments.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 765.151, § 765.151 Handling payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19913
Permanent ID: ys:prov:19913@1
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Full text

(a) Borrower payments. Borrowers must submit their loan payments in a form acceptable to the Agency, such as checks and money orders. Forms of payment not acceptable to the Agency include, but are not limited to, cash, foreign currency, foreign checks, and sight drafts. (b) Crediting account. The Agency credits the borrower's account as of the date the Agency receives payment.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.