7 CFR 4290.1900

§ 4290.1900 Termination of participation as a RBIC.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 4290.1900, § 4290.1900 Termination of participation as a RBIC, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31596
Permanent ID: ys:prov:31596@1
SHA-256: 931767f6a09cefd905e5415d104c116fed7cb14fac31def07ca493fa18c6d17e

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Full text

You may not terminate your participation as a RBIC without the Agency's prior written approval. Your request for approval must be accompanied by an offer of immediate repayment of all of your outstanding Leverage (including any prepayment penalties thereon), or by a plan satisfactory to the Agency for the orderly liquidation of the RBIC.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.