---
kind: "section"
citation: "7 C.F.R. § 1710.605"
title: "7"
number: "1710.605"
heading: "Rescission of loans."
url: "https://uscodex.org/cfr/7/1710.605"
---

# §1710.605. Rescission of loans.

- (a) 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.
- (b) RUS may rescind loans pursuant to [§ 1710.602(c)](/cfr/7/1710.602.md?p=c).
- (c) Borrowers who prepay RUS loans at a discounted present value pursuant to [subpart F](/cfr/7/subpartF.md) of [7 CFR part 1786](/cfr/7/part1786.md) are required to rescind the unadvanced balance of all outstanding electric notes pursuant to [7 CFR 1786.158(j)](/cfr/7/1786.158.md?p=j).

## Notes

### 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.