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Code of Federal Regulations Title 7. Agriculture § 7.1786.152 Prepayments of RUS loans

Current as of January 02, 2025 | Updated by Findlaw Staff

An electric loan made under the RE Act shall not be sold or prepaid at a value that is less than the outstanding principal balance, except that, on request of a borrower, an electric loan made under the RE Act, or a portion of such a loan, that was advanced before May 1, 1992, or has been advanced for not less than 2 years, shall be prepaid by the borrower at the lesser of the outstanding principal balance of the loan or the discounted present value thereof.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1786.152 Prepayments of RUS loans - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1786-152/

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