---
kind: "section"
citation: "31 C.F.R. § 25.302"
title: "31"
number: "25.302"
heading: "Application withdrawal; effect of approval."
url: "https://uscodex.org/cfr/31/25.302"
---

# §25.302. Application withdrawal; effect of approval.


A Borrower that submits a prepayment application may withdraw the prepayment application at any time prior to its approval. Even after a Borrower's prepayment application has been approved, the Borrower is not obligated to prepay its Eligible FMS Loans or Eligible FMS Advances.


## Notes

### Authority

Authority: Title III, Pub. L. 100-202; 31 U.S.C. 321.

### Source

Source: 53 FR 25426, July 6, 1988, unless otherwise noted.