GroundRules
7 CFR 761.53: Interest bearing accounts.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
- SUBCHAPTER D—SPECIAL PROGRAMS
- PART 761—FARM LOAN PROGRAMS; GENERAL PROGRAM ADMINISTRATION
- Subpart B—Supervised Bank Accounts
(a) A supervised bank account, if possible, will be established as an interest bearing deposit account provided that the funds will not be immediately disbursed, and the account is held jointly by the borrower and the Agency if this arrangement will benefit the borrower.
(b) Interest earned on a supervised bank account will be treated as normal income security.
Collected 2026-08-27T02:24:01Z. Source file · JSON