7 CFR 1951.859
§ 1951.859 Term of loans.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1951.859, § 1951.859 Term of loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29134
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Full text
(a) No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years.
(b) The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.