---
kind: "section"
citation: "7 C.F.R. § 1786.204"
title: "7"
number: "1786.204"
heading: "Limitations."
url: "https://uscodex.org/cfr/7/1786.204"
---

# §1786.204. Limitations.

- (a) No more than three refinancing notes will be executed for any borrower per calendar year.
- (b) The borrower may not select a term for the refinanced advance that ends after the maturity date set for that advance.

## Notes

### Authority

Authority: 7 U.S.C. 901 et seq.; Pub. L. 103-354, 108 Stat. 3178 (7 U.S.C. 6941 et seq. ); sec. 1201(b) of subtitle B of title 1 of Pub. L. 103-66, 107 Stat. 312.

### Source

Source: 58 FR 51008, Sept. 30, 1993, 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.