{"data":{"id":"us/7-cfr-3550.205","jurisdiction":"us","citation":"7 CFR 3550.205","heading":"Delinquency workout agreements.","body":"Borrowers with past due accounts may be offered the opportunity to avoid liquidation by entering into a delinquency workout agreement that specifies a plan for bringing the account current. To receive a delinquency workout agreement, the following requirements apply:\n(a) A borrower who is able to do so will be required to pay the past-due amount in a single payment.\n(b) A borrower who is unable to pay the past-due amount in a single payment must pay monthly all scheduled payments plus an agreed upon additional amount that brings the account current within 2 years or the remaining term of the loan, whichever is shorter.\n(c) If a borrower becomes more than 30 days past due under the terms of a delinquency workout agreement, RHS may cancel the agreement.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XXXV—RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE","PART 3550—DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS","Subpart E—Special 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":"fa3997bac7c93f9401fc35977b7babeeeec6099eda2cc3f8521b1240b12be9cf","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-3550.204","next":"us/7-cfr-3550.206"},"notice":"GroundRules: Original legal text. Not legal advice."}