7 C.F.R. § 765.154

Current through October 31, 2024

Section 765.154 - Distribution of payments

The Agency applies both regular and extra payments to each loan in the following order, as applicable:

(a) Recoverable costs and protective advances plus interest;

(b) Deferred non-capitalized interest;

(c) Accrued deferred interest;

(d) Interest accrued to date of payment; and

(e) Loan principal.

7 C.F.R. § 765.154