Reamortization of AMP loans.

CFR · 2024-01-01 · US · Title 7

The Agency may approve reamortization of AMP loans provided: (a) There is no extension of the final maturity date of the loan; (b) No intervening lien exists on the security for the loan which would jeopardize the Government's security position; (c) If the account is delinquent, it cannot be brought current within one year and the borrower has presented a cash flow budget which demonstrates the ability to meet the proposed new payment schedule; and (d) If the account is current, the borrower will be unable to meet the annual loan payments due to circumstances beyond the borrower's control.

official document · source cfr-2024 · id 7:§ 772.14