{"data":{"id":"us/7-cfr-1786.201","jurisdiction":"us","citation":"7 CFR 1786.201","heading":"Definitions and rules of construction.","body":"(a) Definitions. As used in this subpart:\nAdministrator means the Administrator of the Rural Utilities Service (RUS).\nBorrower means any organization which has an outstanding note(s) evidencing electric or telephone loans guaranteed by RUS, from FFB.\nBusiness day means any such day on which both the Federal Financing Bank and Federal Reserve Bank—New York are open for business.\nElectric loan means a loan made by FFB and guaranteed by RUS under section 306 of the RE Act for electric service.\nFFB means the Federal Financing Bank, an instrumentality and wholly owned corporation of the United States.\nGovernment means the United States of America, acting through the Administrator of the Rural Utilities Service.\nLoan guarantee means RUS's guarantee under section 306 of the RE Act of a loan from FFB.\nPayment date means the date that payment is due and is the last day in a calendar quarter.\nPrepayment penalty means the same as prepayment premium.\nPrepayment premium shall have the meaning set forth at § 1786.207.\nRE Act means the Rural Electrification Act of 1936, as amended (7 U.S.C. 901 et seq.).\nREA means the Rural Electrification Administration formerly an agency of the United States Department of Agriculture and predecessor agency to RUS with respect to administering certain electric and telephone loan programs.\nRefinancing note shall have the meaning set forth at § 1786.206.\nRUS means the Rural Utilities Service, an agency of the United States Department of Agriculture established pursuant to Section 232 of the Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 (Pub. L. 103-354, 108 Stat. 3178), successor to REA with respect to administering certain electric and telephone programs. See 7 CFR 1700.1.\nRUS loan contract means the agreement, as amended, supplemented, or restated from time to time, between a borrower and RUS providing for loans or loan guarantees pursuant to the RE Act.\nRUS mortgage means collectively those mortgages and security agreements made by and between the borrower and the Government, securing indebtedness evidencing electric and telephone loans or loan guarantees made pursuant to RE Act. The term includes such mortgages regardless whether third parties are mortgagees with RUS.\nSupplemental lender means a private lender whose loan to the borrower is secured under an RUS mortgage.\nTelephone loan means a loan made by FFB and guaranteed by RUS under section 306 of the RE Act for telephone service.\n(b) Rules of construction. Unless the context shall otherwise indicate, the terms defined in paragraph (a) of this section include the plural as well as the singular, and the singular as well as the plural. The words “herein,” “hereof” and “hereunder”, and words of similar import, refer to this subpart as a whole.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","PART 1786—PREPAYMENT OF RUS GUARANTEED AND INSURED LOANS TO ELECTRIC AND TELEPHONE BORROWERS","Subpart G—Refinancing and Prepayment of RUS Guaranteed FFB Loans Pursuant to Section 306(C) of the RE Act"],"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":"c7cd15c9b687e1455d0eb010ff14ebf648a49e62a4d75fe8aac7167f3f6f7f09","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1786.200","next":"us/7-cfr-1786.202"},"notice":"GroundRules: Original legal text. Not legal advice."}