GroundRules
7 CFR 766.456: Payments toward DBSA installments.
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 766—DIRECT LOAN SERVICING—SPECIAL
- Subpart J—DBSA
(a) Interest accrual. Interest will accrue on any principal portion of the DBSA installment at the rate of one eighth of a percent.
(b) Due date. The DBSA amount, including interest accrued on the principal portion of the set-aside, is due on or before the final due date of the loan.
(c) Applying payments. The Agency will apply borrower payments toward DBSA installments first to interest and then to principal.
Collected 2026-08-27T02:24:01Z. Source file · JSON