7 CFR 4279.222
§ 4279.222 Payments.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 4279.222, § 4279.222 Payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31021
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Full text
A Lender will receive all payments of principal and Interest on account of the entire loan and must promptly remit to the Holder its Pro Rata share of any payment within 30 days of the Lender's receipt thereof from the Borrower, determined according to its respective interest in the loan, less only the Lender's servicing fee.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.