7 CFR 1721.108

§ 1721.108 Commencement of the deferment.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1721.108, § 1721.108 Commencement of the deferment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27155
Permanent ID: ys:prov:27155@1
SHA-256: e15a61fe8497751e1e5007d93f81f01c03b8c6ef88aa0e7d41847d33149e3e38

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Full text

The deferment of principal and interest will not begin until the extension agreement and other supporting materials, in form and substance satisfactory to RUS, have been executed by the Borrower and returned to RUS. Examples of other supporting materials are items such as approving legal opinions from the Borrower's attorney and approvals from the relevant regulatory body for extending the maturity of existing debt and for the additional debt service payment incurred.

Legislative history

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