Other servicing actions on real estate type loan accounts.

CFR · 2024-01-01 · US · Title 7

(a) (i) Annual installment for the year as provided in the promissory note(s). (ii) Any recoverable cost charges paid for the borrower during the year. (“Recoverable costs” is defined in § 1951.10(a) of this Subpart.) (2) (i) Annual installment for the year as provided in the promissory note. (ii) Amounts owed the Agricultural Credit Insurance Fund. These amounts are covered by the general term “Insurance Account” and consist of the following: (A) Unpaid loan insurance charges from prior years. (B) Loan insurance charge for the current year. The loan insurance charge is computed on the basis of the amount of the unpaid principal obligation as of the installment due date and is due and payable on or before the next installment due date. (C) Any unpaid balance on advances from the insurance fund, including any recoverable cost charges paid for the borrower during the year. (D) Any accrued interest on advances from the insurance fund. (iii) The amounts owned on the insurance account must be paid by regular payments each year whether or not the note account is ahead of schedule. (b) (c)

official document · source cfr-2024 · id 7:§ 1951.16