Term of loans.

CFR · 2024-01-01 · US · Title 7

(a) No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years. (b) The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.

official document · source cfr-2024 · id 7:§ 1951.859