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  2. Title 7 - Agriculture
  3. Subtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
  4. Chapter XVIII - RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
  5. Subchapter H - PROGRAM REGULATIONS
  6. Part 1951 - SERVICING AND COLLECTIONS
  7. Subpart R - Rural Development Loan Servicing
  8. 7 CFR § 1951.859
7 CFR § 1951.859
Term of loans
July 6, 2020
CFR

(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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§ §1951.853-1951.858 [Reserved]
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§ §1951.860-1951.865 [Reserved]

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