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Code of Federal Regulations (Last Updated: May 6, 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 |
§ 1786.154 - Qualified Notes.
Latest version.
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§ 1786.154 Qualified Notes.
An eligible borrower may prepay Qualified Notes under this subpart at the discounted present value. A Qualified Note is a note evidencing an RUS electric loan, all advances of which were made prior to May 1, 1992, or not less than 2 years prior to the date of prepayment closing. See §§ 1786.155(a)(3) and 1786.158 (h) and (j).