7 CFR 1786.37
§ 1786.37 Application of regulation to previous prepayments.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1786.37, § 1786.37 Application of regulation to previous prepayments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28270
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Full text
Nothing contained in this subpart shall affect the validity of prepayments made or guarantees issued pursuant to previous regulations. Those borrowers, however, that completed a prepayment pursuant to section 306(A) of the RE Act and closed loans prior to February 27, 1988, may, in their discretion request RUS approval and if required by prior regulations the concurrence of the Secretary of the Treasury, of any amendments necessary to make the terms and conditions of such loans consistent with, or to consolidate such loans with, loans guaranteed under these regulations.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.