7 C.F.R. § 1951 app Exhibit B to Subpart A of Part 1951
(insert date)
Notice of Change in Interest Rate
_______________________________
(insert borrower's address)
Re: [] []
Fund code
[] []
Loan number
[] []
Kind code
Dear (insert borrower's name and case number): Your promissory note dated ______, for the original amount of ______ dollars ($______) provides for a change in interest rate for a limited resource loan in accordance with the Farmers Home Administration or its successor agency under Public Law 103-354 regulations.
Effective (insert date) the interest rate on this loan will be ____ percent ( %) on the unpaid principal balance. Your installment due January 1, 19 , will be ______ dollars ($______). This change in interest rate is for the reason indicated below.
[] Increase in repayment ability as per Farm and Home Plan dated ______.
[] (insert reason if other than above for increase in interest rate).
You may appeal this action by writing to (hearing officer), (address), within 30 calendar days of the date of this letter, giving the reason why you believe this matter should be decided differently. This time may be extended if you cannot notify the hearing officer within 30 days for reasons beyond your control.
7 C.F.R. 1951 app Exhibit B to Subpart A of Part 1951