7 CFR 1786.154

§ 1786.154 Qualified Notes.

United States · 7 CFR — Agriculture · Status: effective

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Citation: 7 CFR 1786.154, § 1786.154 Qualified Notes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28308
Permanent ID: ys:prov:28308@1
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Full text

An eligible borrower may prepay Qualified Notes under this subpart at the discounted present value. A Qualified Note is a note evidencing an RUS electric loan, all advances of which were made prior to May 1, 1992, or not less than 2 years prior to the date of prepayment closing. See §§ 1786.155(a)(3) and 1786.158 (h) and (j).

Legislative history

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