7 CFR 765.154
§ 765.154 Distribution of payments.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 765.154, § 765.154 Distribution of payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19916
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Full text
The Agency applies both regular and extra payments to each loan in the following order, as applicable:
(a) Recoverable costs and protective advances plus interest;
(b) Deferred non-capitalized interest;
(c) Accrued deferred interest;
(d) Interest accrued to date of payment; and
(e) Loan principal.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.