§1710.605. Rescission of loans.
7 C.F.R. § 1710.605
A borrower may request rescission of a loan with respect to any funds unadvanced by submitting a letter signed by the General Manager, Board President or other individual authorized by the Board of Directors to request such rescission.
RUS may rescind loans pursuant to § 1710.602(c).
Borrowers who prepay RUS loans at a discounted present value pursuant to subpart F of 7 CFR part 1786 are required to rescind the unadvanced balance of all outstanding electric notes pursuant to 7 CFR 1786.158(j).
Notes, amendments, and revision history
Source
Source: 87 FR 73439, Nov. 30, 2022, unless otherwise noted.
Authority
Authority: 7 U.S.C. 901 et seq., 1921 et seq., and 6941 et seq.
Source
Source: 57 FR 1053, Jan. 9, 1992, unless otherwise noted.