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Code of Federal Regulations Title 7. Agriculture § 7.3550.204 Payment assistance

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

Borrowers who are eligible may be offered payment assistance in accordance with subpart B of this part. Borrowers who are not eligible for payment assistance because the loan was approved before August 1, 1968, or the loan was made on above-moderate or nonprogram (NP) terms, may refinance the loan in order to obtain payment assistance if:

(a) The borrower is eligible to receive a loan with payment assistance;

(b) Due to circumstances beyond the borrower's control, the borrower is in danger of losing the property;  and

(c) The property is program-eligible.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.3550.204 Payment assistance - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-3550-204/

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