Distribution of payments.

CFR · 2024-01-01 · US · Title 7

The Agency applies both regular and extra payments to each loan in the following order, as applicable: (a) Recoverable costs and protective advances plus interest; (b) Deferred non-capitalized interest; (c) Accrued deferred interest; (d) Interest accrued to date of payment; and (e) Loan principal.

official document · source cfr-2024 · id 7:§ 765.154