Consolidation and rescheduling.

CFR · 2024-01-01 · US · Title 7

(a) (1) The borrower meets the loan servicing eligibility requirements in § 766.104; (2) The Agency determines that consolidation will assist the borrower to repay the loans; (3) Consolidating the loans will bring the borrower's account current or prevent the borrower from becoming delinquent; (4) The Agency has not referred the borrower's account to OGC or the U.S. Attorney, and the Agency does not plan to refer the account to either of these two offices in the near future; (5) The borrower is in compliance with the Highly Erodible Land and Wetland Conservation requirements of 7 CFR part 12, if applicable; (6) The loans are not secured by real estate; (7) The Agency holds the same lien position on each loan; (8) The Agency has not serviced the loans for unauthorized assistance under subpart F of this part; and (9) The loan is not currently deferred, as described in § 766.109, or set-aside, as described in subpart B of this part. The Agency may consolidate loans upon cancellation of the deferral or DSA. (b) (1) The borrower meets the loan servicing eligibility requirements in § 766.104; (2) Rescheduling the loans will bring the borrower's account current or prevent the borrower from becoming delinquent; (3) The Agency determines that rescheduling will assist the borrower to repay the loans; (4) The Agency has not referred the borrower's account to OGC or the U.S. Attorney, and the Agency does not plan to refer the account to either of these two offices in the near future; (5)

official document · source cfr-2024 · id 7:§ 766.107