---
kind: "section"
citation: "7 C.F.R. § 1786.55"
title: "7"
number: "1786.55"
heading: "Application procedure."
url: "https://uscodex.org/cfr/7/1786.55"
---

# §1786.55. Application procedure.


Any borrower seeking to prepay its RUS Notes under this subpart should apply to the appropriate RUS Area Director by submitting:

- (a) **A board resolution that—**
  - (1) Requests approval of the prepayment of the borrower's outstanding RUS Notes, and
  - (2) States the intent of the borrower to comply with all eligibility criteria set forth in [§ 1786.54](/cfr/7/1786.54.md) of this subpart.
- (b) **A list of all RUS Notes together with the outstanding amount on such notes.**
- (c) Such additional information as the Administrator shall request.

## Notes

### Authority

Authority: 7 U.S.C. 901-950b; Title I, Subtitle B, Pub. L. 99-509; Pub. L. 103-354, 108 Stat. 3178 (7 U.S.C. 6941 et seq. ).

### Source

Source: 51 FR 46999, Dec. 29, 1986, unless otherwise noted. Redesignated at 55 FR 49250, Nov. 27, 1990.

### 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.