7 CFR 4280.16
§ 4280.16 REDL and REDG Loan terms.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 4280.16, § 4280.16 REDL and REDG Loan terms, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31067
- Permanent ID
ys:prov:31067@1- SHA-256
f4f06bd1c6063d1683c3204f3c49a75ee27c41d4e9c3cd82dc12d62e803325f3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
REDL and REDG loans made by the Intermediary are governed by the following terms:
(a) The maximum term of a loan is 10 years, including any principal deferment period. The Intermediary may choose a shorter term if desired.
(b) Deferments on Zero-Interest Loans will automatically be granted by Rural Development upon request of the Intermediary as follows:
(1) A deferral for up to 1 year for Projects involving an Established Operation; or
(2) A deferral for up to 2 years for Projects involving a Start-Up venture or a Community Facilities Project whether or not such Project also receives funding under USDA Community Facilities funding programs.
(c) The Intermediary must provide the Ultimate Recipient with the same loan terms as the Intermediary receives from Rural Development.
(d) The Intermediary is solely responsible for the financial approval of Fund loans and all other Fund decisions and actions.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.