§1786.209. Outstanding loan documents.
7 C.F.R. § 1786.209
Except as expressly provided in this subpart, the borrower shall comply with all provisions of its RUS loan contract, its outstanding notes issued to RUS, and the RUS mortgage.
Nothing in this subpart shall affect any rights of supplemental lenders under the RUS mortgage or the rights of any other creditors of the borrower.
Nothing in this subpart shall prohibit a borrower from making prepayments on any loans pursuant to the RE Act in accordance with the terms thereof or as may be otherwise permitted by law.
Notes, amendments, and revision history
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.