{"data":{"id":"us/7-cfr-1951.242","jurisdiction":"us","citation":"7 CFR 1951.242","heading":"Servicing delinquent Community Facility loans.","body":"(a) For the purpose of this section, a loan is delinquent when a borrower fails to make all or part of a payment by the due date.\n(b) The delinquent loan borrower and the Agency, at its discretion, may enter into a written workout agreement.\n(c) For loans that are delinquent, the borrower must provide, monthly comparative financial statements in a format that is acceptable to the Agency by the 15th day of the following month. The Agency may waive this requirement if it would cause a hardship for the borrower or the borrower is actively marketing the security property.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","SUBCHAPTER H—PROGRAM REGULATIONS","PART 1951—SERVICING AND COLLECTIONS","Subpart E—Servicing of Community and Direct Business Programs Loans and Grants"],"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":"f0457f987936657ce81f438897fbaa4f360770e597ab5774593dc7f126e60ac1","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1951.241","next":"us/7-cfr-1951.243-1951.249"},"notice":"GroundRules: Original legal text. Not legal advice."}