---
kind: "section"
citation: "7 C.F.R. § 1786.206"
title: "7"
number: "1786.206"
heading: "Refinancing note."
url: "https://uscodex.org/cfr/7/1786.206"
---

# §1786.206. Refinancing note.

- (a) RUS will issue a replacement guaranty for refinancing notes delivered to FFB to replace and substitute for existing FFB notes in connection with any refinancing by FFB pursuant to [section 306C](/cfr/7/306C.md) of the RE Act.
- (b) Generally, refinancing notes will, to the extent practicable, consolidate all of a borrower's existing FFB notes which have been guaranteed by RUS and containing terms and conditions as FFB may require and RUS and the borrower may accept.
- (c) Notwithstanding any contrary provision contained in this subpart, RUS will give preference to processing refinancings that utilize a generic form of refinancing note in the event that FFB prescribes one.

## Notes

### Amendments

[58 FR 51008, Sep. 30, 1993; 58 FR 58729, Nov. 3, 1993]

### 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.

### Amendments

[58 FR 51008, Sep. 30, 1993; 58 FR 58729, Nov. 3, 1993]