7 CFR 772.14
§ 772.14 Reamortization of AMP loans.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 772.14, § 772.14 Reamortization of AMP loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20155
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Full text
The Agency may approve reamortization of AMP loans provided:
(a) There is no extension of the final maturity date of the loan;
(b) No intervening lien exists on the security for the loan which would jeopardize the Government's security position;
(c) If the account is delinquent, it cannot be brought current within one year and the borrower has presented a cash flow budget which demonstrates the ability to meet the proposed new payment schedule; and
(d) If the account is current, the borrower will be unable to meet the annual loan payments due to circumstances beyond the borrower's control.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.