7 CFR 4290.845 - Maximum rate of amortization on Loans and Debt Securities.

Regulations last checked for updates: Nov 24, 2024

Title 7 - Agriculture last revised: Nov 20, 2024

View all text of Subpart I [§ 4290.700 - § 4290.900]

§ 4290.845 - Maximum rate of amortization on Loans and Debt Securities.

The principal of any Loan, or the loan portion of any Debt Security, with a term of one year or less, cannot be amortized faster than straight line. If the term is greater than one year, the principal cannot be amortized faster than straight line for the first year.

authority: 7 U.S.C. 1989 and 2009cc

source: 69 FR 32204, June 8, 2004, unless otherwise noted.

cite as: 7 CFR 4290.845