{"data":{"id":"us/7-cfr-1710.605","jurisdiction":"us","citation":"7 CFR 1710.605","heading":"Rescission of loans.","body":"(a) A borrower may request rescission of a loan with respect to any funds unadvanced by submitting a letter signed by the General Manager, Board President or other individual authorized by the Board of Directors to request such rescission.\n(b) RUS may rescind loans pursuant to § 1710.602(c).\n(c) Borrowers who prepay RUS loans at a discounted present value pursuant to subpart F of 7 CFR part 1786 are required to rescind the unadvanced balance of all outstanding electric notes pursuant to 7 CFR 1786.158(j).","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1710—GENERAL AND PRE-LOAN POLICIES AND PROCEDURES COMMON TO ELECTRIC LOANS AND GUARANTEES","Subpart J—Terms of Loans Common to Electric Loans and Guarantees"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"3ece897bffe83a096f91c1bbb0d7c558aa088120489388ff6118088c0746b03e","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1710.604","next":"us/7-cfr-1714.1"},"notice":"GroundRules: Original legal text. Not legal advice."}