7 CFR 4290.845
§ 4290.845 Maximum rate of amortization on Loans and Debt Securities.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 4290.845, § 4290.845 Maximum rate of amortization on Loans and Debt Securities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31566
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Full text
The principal of any Loan, or the loan portion of any Debt Security, with a term of one year or less, cannot be amortized faster than straight line. If the term is greater than one year, the principal cannot be amortized faster than straight line for the first year.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.