7 CFR 1786.152
§ 1786.152 Prepayments of RUS loans.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1786.152, § 1786.152 Prepayments of RUS loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28306
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Full text
An electric loan made under the RE Act shall not be sold or prepaid at a value that is less than the outstanding principal balance, except that, on request of a borrower, an electric loan made under the RE Act, or a portion of such a loan, that was advanced before May 1, 1992, or has been advanced for not less than 2 years, shall be prepaid by the borrower at the lesser of the outstanding principal balance of the loan or the discounted present value thereof.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.