7 CFR 1786.209
§ 1786.209 Outstanding loan documents.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1786.209, § 1786.209 Outstanding loan documents, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28336
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Full text
(a) Except as expressly provided in this subpart, the borrower shall comply with all provisions of its RUS loan contract, its outstanding notes issued to RUS, and the RUS mortgage.
(b) Nothing in this subpart shall affect any rights of supplemental lenders under the RUS mortgage or the rights of any other creditors of the borrower.
(c) Nothing in this subpart shall prohibit a borrower from making prepayments on any loans pursuant to the RE Act in accordance with the terms thereof or as may be otherwise permitted by law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.