7 CFR 766.456
§ 766.456 Payments toward DBSA installments.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 766.456, § 766.456 Payments toward DBSA installments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20042
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Full text
(a) Interest accrual. Interest will accrue on any principal portion of the DBSA installment at the rate of one eighth of a percent.
(b) Due date. The DBSA amount, including interest accrued on the principal portion of the set-aside, is due on or before the final due date of the loan.
(c) Applying payments. The Agency will apply borrower payments toward DBSA installments first to interest and then to 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.