7 CFR 3550.204
§ 3550.204 Payment assistance.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3550.204, § 3550.204 Payment assistance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30291
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Full text
Borrowers who are eligible may be offered payment assistance in accordance with subpart B of this part. Borrowers who are not eligible for payment assistance because the loan was approved before August 1, 1968, or the loan was made on above-moderate or nonprogram (NP) terms, may refinance the loan in order to obtain payment assistance if:
(a) The borrower is eligible to receive a loan with payment assistance;
(b) Due to circumstances beyond the borrower's control, the borrower is in danger of losing the property; and
(c) The property is program-eligible.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.