Code of Federal Regulations · Section

§ 1951.859 — Term Of Loans

7 C.F.R. § 1951.859

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(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.

7 C.F.R. § 1951.852 7 C.F.R. § 1951.866

Authorizing Statute

Administrative offset
31 U.S.C. § 3716
Departmental regulations
5 U.S.C. § 301
Rules and regulations
7 U.S.C. § 1989
Administrative powers of Secretary
42 U.S.C. § 1480