StacksVerified U.S. regulatory reference

7 CFR §3550.204

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Borrowers who are eligible may be offered payment assistance in accordance with subpart B of this part. Borrowers who are not eligible for payment assistance because the loan was approved before August 1, 1968, or the loan was made on above-moderate or nonprogram (NP) terms, may refinance the loan in order to obtain payment assistance if:
  1. (a)The borrower is eligible to receive a loan with payment assistance;
  2. (b)Due to circumstances beyond the borrower's control, the borrower is in danger of losing the property; and
  3. (c)The property is program-eligible.