{"data":{"id":"us/7-cfr-1714.9","jurisdiction":"us","citation":"7 CFR 1714.9","heading":"Prepayment of insured loans.","body":"This section sets out provisions for prepayment of insured electric loans at face value. Provisions for discounted prepayment of RUS loans are set out in 7 CFR part 1786.\n(a) Municipal rate loans. Loan documents for municipal rate loans shall provide for the following:\n(1) Prepayment on a rollover maturity date. All, or a portion of, the outstanding balance on any advance from a municipal rate loan may be prepaid on any rollover maturity date pursuant to § 1714.6(a)(4).\n(2) Prepayment on a date other than a rollover maturity date. A borrower may elect at the time of loan approval to include a prepayment option (call provision) that will allow the borrower to prepay all, or a portion of, the outstanding balance on any advance on a date other than a rollover maturity date. Interest rates on advances from loans with a prepayment provision will be increased as set forth in § 1714.4(a).\n(b) Hardship rate loans. Loan documents for hardship loans shall provide that the loan may be prepaid at face value at any time without penalty.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1714—PRE-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC LOANS","Subpart A—General"],"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":"aa7e2fcd7bb3f9d26bea7353fc01a513e40678e75890ccfd9933c55e18bc1011","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1714.8","next":"us/7-cfr-1714.10-1714.49"},"notice":"GroundRules: Original legal text. Not legal advice."}