7 CFR 1786.208

§ 1786.208 Increased principal.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1786.208, § 1786.208 Increased principal, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28335
Permanent ID: ys:prov:28335@1
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Full text

A borrower can meet the premium requirements by increasing the outstanding principal balance of the loan advance that is being refinanced. If it does so the borrower shall make a payment at the time of the refinancing equal to 2.5 percent of the amount of the premium that is added to the outstanding principal balance of the loan.

Legislative history

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