StacksVerified U.S. regulatory reference

7 CFR §1710.605

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)A borrower may request rescission of a loan with respect to any funds unadvanced by submitting a letter signed by the General Manager, Board President or other individual authorized by the Board of Directors to request such rescission.
  2. (b)RUS may rescind loans pursuant to § 1710.602(c).
  3. (c)Borrowers who prepay RUS loans at a discounted present value pursuant to subpart F of 7 CFR part 1786 are required to rescind the unadvanced balance of all outstanding electric notes pursuant to 7 CFR 1786.158(j).