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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XVII - Rural Utilities Service, Department of Agriculture |
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Part 1786 - Prepayment of RUS Guaranteed and Insured Loans to Electric and Telephone Borrowers |
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Subpart F - Discounted Prepayments on RUS Electric Loans |
§ 1786.152 - Prepayments of RUS loans.
Latest version.
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§ 1786.152 Prepayments of RUS loans.
An electric loan made under the RE Act shall not be sold or prepaid at a value that is less than the outstanding principal balance, except that, on request of a borrower, an electric loan made under the RE Act, or a portion of such a loan, that was advanced before May 1, 1992, or has been advanced for not less than 2 years, shall be prepaid by the borrower at the lesser of the outstanding principal balance of the loan or the discounted present value thereof.