StacksVerified U.S. regulatory reference

7 CFR §3550.205

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Borrowers with past due accounts may be offered the opportunity to avoid liquidation by entering into a delinquency workout agreement that specifies a plan for bringing the account current. To receive a delinquency workout agreement, the following requirements apply:
  1. (a)A borrower who is able to do so will be required to pay the past-due amount in a single payment.
  2. (b)A borrower who is unable to pay the past-due amount in a single payment must pay monthly all scheduled payments plus an agreed upon additional amount that brings the account current within 2 years or the remaining term of the loan, whichever is shorter.
  3. (c)If a borrower becomes more than 30 days past due under the terms of a delinquency workout agreement, RHS may cancel the agreement.