StacksVerified U.S. regulatory reference

7 CFR §765.154

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The Agency applies both regular and extra payments to each loan in the following order, as applicable:
  1. (a)Recoverable costs and protective advances plus interest;
  2. (b)Deferred non-capitalized interest;
  3. (c)Accrued deferred interest;
  4. (d)Interest accrued to date of payment; and
  5. (e)Loan principal.