---
kind: "section"
citation: "7 C.F.R. § 3550.204"
title: "7"
number: "3550.204"
heading: "Payment assistance."
url: "https://uscodex.org/cfr/7/3550.204"
---

# §3550.204. Payment assistance.


Borrowers who are eligible may be offered payment assistance in accordance with [subpart B](/cfr/7/subpartB.md) of this part. Borrowers who are not eligible for payment assistance because the loan was approved before August 1, 1968, or the loan was made on above-moderate or nonprogram (NP) terms, may refinance the loan in order to obtain payment assistance if:

- (a) The borrower is eligible to receive a loan with payment assistance;
- (b) Due to circumstances beyond the borrower's control, the borrower is in danger of losing the property; and
- (c) **The property is program-eligible.**

## Notes

### Authority

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

### Source

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