{"data":{"id":"us/7-cfr-766.59","jurisdiction":"us","citation":"7 CFR 766.59","heading":"Payments toward set-aside installments.","body":"(a) Interest accrual. (1) Interest will accrue on any principal portion of the set-aside installment at the same rate charged on the balance of the loan.\n(2) If the borrower's set-aside installment is for a loan with a limited resource rate and the Agency modifies that limited resource rate, the interest rate on the set-aside portion will be modified concurrently.\n(b) Due date. The amount set-aside, including interest accrued on the principal portion of the set-aside, is due on or before the final due date of the loan.\n(c) Applying payments. The Agency will apply borrower payments toward set-aside installments first to interest and then to principal.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE","SUBCHAPTER D—SPECIAL PROGRAMS","PART 766—DIRECT LOAN SERVICING—SPECIAL","Subpart B—Disaster Set-Aside"],"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":"7af9ae6a9c40d71c84354a62f32a0dc8513ea6dc8a0dac385859fb9540e0f5c7","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-766.58","next":"us/7-cfr-766.60"},"notice":"GroundRules: Original legal text. Not legal advice."}