---
kind: "section"
citation: "7 C.F.R. § 1786.159"
title: "7"
number: "1786.159"
heading: "Initial closing."
url: "https://uscodex.org/cfr/7/1786.159"
---

# §1786.159. Initial closing.

- (a) Upon receipt of the prepayment agreement, the borrower may submit, pursuant to the terms of the prepayment agreement, a closing request which shall request a closing date no less than 30 business days from the date of the request.
- (b) The Government will respond to the borrower's closing request by delivering a preclosing notice to the borrower not less than 10 business days prior to the date which the Government, after reviewing the borrower's closing request, selects as a closing date.

## Notes

### Authority

Authority: 7 U.S.C. 901 et seq.; Pub. L. 103-354, 108 Stat. 3178 (7 U.S.C. 6941 et seq. ).

### Source

Source: 59 FR 13620, Mar. 22, 1994, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 901-950b; Title I, subtitle B, Pub. L. 99-509; Pub. L. 101-624, 104 Stat. 4051; Pub. L. 103-354, 108 Stat. 3178, (7 U.S.C. 6941 et seq. ), unless otherwise noted.

### Source

Source: 55 FR 1145, Jan. 11, 1990, unless otherwise noted.