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Code of Federal Regulations Title 7. Agriculture § 7.1951.859 Term of loans

Current as of October 02, 2022 | Updated by FindLaw Staff

(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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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1951.859 Term of loans - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1951-859/

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