Code of Federal Regulations · Section

§ 772.14 — Reamortization Of Amp Loans

7 C.F.R. § 772.14

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The Agency may approve reamortization of AMP loans provided:

(a) There is no extension of the final maturity date of the loan;

(b) No intervening lien exists on the security for the loan which would jeopardize the Government's security position;

(c) If the account is delinquent, it cannot be brought current within one year and the borrower has presented a cash flow budget which demonstrates the ability to meet the proposed new payment schedule; and

(d) If the account is current, the borrower will be unable to meet the annual loan payments due to circumstances beyond the borrower's control.

7 C.F.R. § 772.13 7 C.F.R. § 772.15

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