Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XVIII - Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, and Farm Service Agency, Department of Agriculture |
SubChapter H - Program Regulations |
Part 1980 - General |
Subpart A - General |
Appendix L - Modification of Existing Contract Relating to Farm Credit Programs Guaranteed Loan/Line of Credit
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United States Department of Agriculture Modification of Existing Contract Relating to Farm Credit Programs Guaranteed Loan/Line of Credit The Lender's Agreement or Agreement For Participation in Farmer Programs Guaranteed Loan Programs of the United States
Government executed with the Lender dated ___ and the attached Loan Note Guarantee or Contract of Guarantee (Line of Credit) executed with the Lender dated___ relating to the loan to___ in the amount of___ is hereby modified to permit the capitalization of interest when restructuring the Farm Credit Programs loan PROVIDED that the new principal amount of___ does not exceed statutory limits. Such capitalized interest on the guaranteed portion of the loan will be covered by the FSA guarantee and will not void the contract when the capitalized interest result from restructuring. The new guaranteed portion of the loan is___ .UNITED STATES OF AMERICA FARM SERVICE AGENCY Date By Title