§ 1951.859 Term of loans.

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Title 7 CFR: Agriculture › Chapter XVIII: RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE › Part 1951: SERVICING AND COLLECTIONS › Subpart R: Rural Development Loan Servicing › § 1951.859: § 1951.859 Term of loans.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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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.

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