7 CFR 1785.69
§ 1785.69 Cushion of credit payment account computations.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1785.69, § 1785.69 Cushion of credit payment account computations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28252
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Full text
(a) Deposits. Cushion of credit deposits are credited to the borrowers' cushion of credit accounts as of December 20, 2018, with no further deposits accepted after that date.
(b) Interest. Interest at the rate provided for in § 1785.68 will be credited on a quarterly basis to cushion of credit accounts. Interest earned will appear as a reduction in the interest billed on the borrower's RUS notes and will be separately shown on RUS Form 694, “Statement of Interest and Principal Due.”
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.