Code of Federal Regulations · Section
§ 1786.208 — Increased Principal
7 C.F.R. § 1786.208
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A borrower can meet the premium requirements by increasing the outstanding principal balance of the loan advance that is being refinanced. If it does so the borrower shall make a payment at the time of the refinancing equal to 2.5 percent of the amount of the premium that is added to the outstanding principal balance of the loan.
Authorizing Statute
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Short title7 U.S.C. § 901
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Under Secretary of Agriculture for Rural Development7 U.S.C. § 6941