7 CFR 1786.159
§ 1786.159 Initial closing.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1786.159, § 1786.159 Initial closing, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28313
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Full text
(a) Upon receipt of the prepayment agreement, the borrower may submit, pursuant to the terms of the prepayment agreement, a closing request which shall request a closing date no less than 30 business days from the date of the request.
(b) The Government will respond to the borrower's closing request by delivering a preclosing notice to the borrower not less than 10 business days prior to the date which the Government, after reviewing the borrower's closing request, selects as a closing date.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.