---
kind: "section"
citation: "7 C.F.R. § 3550.114"
title: "7"
number: "3550.114"
heading: "Repayment agreement (grants only)."
url: "https://uscodex.org/cfr/7/3550.114"
---

# §3550.114. Repayment agreement (grants only).


Grant recipients are required to sign a repayment agreement which specifies that the full amount of the grant must be repaid if the property is sold in less than 3 years from the date the grant agreement was signed.


## Notes

### Amendments

[61 FR 59779, Nov. 22, 1996, as amended at 67 FR 78331, Dec. 24, 2002]

### Authority

Authority: 5 U.S.C. 301; 42 U.S.C. 1480.

### Source

Source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.

### Amendments

[61 FR 59779, Nov. 22, 1996, as amended at 67 FR 78331, Dec. 24, 2002]