# 7 CFR § 1951.2: Policy

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.2

## Section

- **Citation:** 7 CFR § 1951.2
- **Heading:** Policy
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—Agriculture > Subtitle B—Regulations of the Department of Agriculture > CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE > SUBCHAPTER H—PROGRAM REGULATIONS > PART 1951—SERVICING AND COLLECTIONS > Subpart A—Account Servicing Policies

## Text

Borrowers are expected to pay their debts to the Agency in accordance with their agreements and ability to pay. They will be encouraged to pay ahead of schedule, consistent with sound financial management. When borrowers have acted in good faith and have exercised due diligence in an effort to pay their indebtedness but cannot pay on schedule because of circumstances beyond their control, servicing actions will be consistent with the best interests of the borrower and the Government. It is the policy of this agency to service borrower loan account without regard to race, color, religion, sex, marital status, national origin, age, physical or mental handicap (borrower must possess the capacity to enter into a legal contract for services).

## Nearby sections

- [7 CFR § 1951.1 § 1951.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.1.md)
- [7 CFR § 1951.2 § 1951.2 Policy.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.2.md)
- [7 CFR § 1951.3 § 1951.3 Authorities and responsibilities.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.3.md)
- [7 CFR § 1951.7 § 1951.7 Accounts of borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.7.md)
- [7 CFR § 1951.8 § 1951.8 Types of payments.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.8.md)
- [7 CFR § 1951.9 § 1951.9 Distribution of payments when a borrower owes more than one type of Agency loan.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.9.md)
- [7 CFR § 1951.10 § 1951.10 Application of payments on production type loan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.10.md)
- [7 CFR § 1951.11 § 1951.11 Application of payments on real estate accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.11.md)
- [7 CFR § 1951.12 § 1951.12 Changes in the application of loan payments.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.12.md)
- [7 CFR § 1951.13 § 1951.13 Overpayments and refunds.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.13.md)
- [7 CFR § 1951.14 § 1951.14 Recoverable and nonrecoverable cost charges.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.14.md)
- [7 CFR § 1951.15 § 1951.15 Return of paid-in-full or satisfied notes to borrower.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.15.md)
- [7 CFR § 1951.16 § 1951.16 Other servicing actions on real estate type loan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.16.md)
- [7 CFR § 1951.25 § 1951.25 Review of limited resource FO, OL, and SW loans.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.25.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1951.2. Check the current official text before relying on it. Not legal advice.