7 CFR 766.205 - Shared Appreciation Payment Agreement rates and terms.

Regulations last checked for updates: May 17, 2024

Title 7 - Agriculture last revised: Nov 16, 2024

View all text of Subpart E [§ 766.201 - § 766.250]

§ 766.205 - Shared Appreciation Payment Agreement rates and terms.

(a) The interest rate for Shared Appreciation Payment Agreements is the Agency's SA amortization rate.

(b) The term of the Shared Appreciation Payment Agreement is based on the borrower's repayment ability and the useful life of the security. The term will not exceed 25 years.

authority: 5 U.S.C. 301,7.S.C. 1989, and 1981d(c)

source: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.

cite as: 7 CFR 766.205