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e-CFR data is current as of July 1, 2020

Title 7Subtitle BChapter XVIIISubchapter HPart 1951Subpart R → §1951.859


Title 7: Agriculture
PART 1951—SERVICING AND COLLECTIONS
Subpart R—Rural Development Loan Servicing


§1951.859   Term of loans.

(a) No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years.

(b) The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.

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