Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024
§ 25.302 - Application withdrawal; effect of approval.

A Borrower that submits a prepayment application may withdraw the prepayment application at any time prior to its approval. Even after a Borrower's prepayment application has been approved, the Borrower is not obligated to prepay its Eligible FMS Loans or Eligible FMS Advances.

authority: Title III, Pub. L. 100-202; 31 U.S.C. 321.
source: 53 FR 25426, July 6, 1988, unless otherwise noted.
cite as: 31 CFR 25.302