{"data":{"id":"us/7-cfr-1951.859","jurisdiction":"us","citation":"7 CFR 1951.859","heading":"Term of loans.","body":"(a) No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years.\n(b) The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.","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 R—Rural Development Loan Servicing"],"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":"400210c48e454e547a7dca4567583d4a29791213381d4322debcfb1a64fd36ff","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1951.853-1951.858","next":"us/7-cfr-1951.860-1951.865"},"notice":"GroundRules: Original legal text. Not legal advice."}