§1655.5. Loan repayment period.
5 C.F.R. § 1655.5
Minimum. The minimum repayment period a participant may request for a general purpose loan is 12 months of scheduled payments. The minimum repayment period a participant may request for a residential loan is 61 months of scheduled payments.
Maximum. The maximum repayment period a participant may request for a general purpose loan is 60 months of scheduled payments. The maximum repayment period a participant may request for a residential loan is 180 months years of scheduled payments.
Notes, amendments, and revision history
Amendments
[87 FR 31692, May 24, 2022]
Authority
Authority: 5 U.S.C. 8432d, 8433(g), 8439(a)(3) and 8474.
Source
Source: 68 FR 35515, June 13, 2003, unless otherwise noted.
Amendments
[87 FR 31692, May 24, 2022]