7 C.F.R. § 766.456

Current through October 31, 2024
Section 766.456 - Payments toward DBSA installments
(a)Interest accrual. Interest will accrue on any principal portion of the DBSA installment at the rate of one eighth of a percent.
(b)Due date. The DBSA amount, including interest accrued on the principal portion of the set-aside, is due on or before the final due date of the loan.
(c)Applying payments. The Agency will apply borrower payments toward DBSA installments first to interest and then to principal.

7 C.F.R. §766.456

89 FR 65045 , 9/25/2024