---
kind: "section"
citation: "7 C.F.R. § 772.14"
title: "7"
number: "772.14"
heading: "Reamortization of AMP loans."
url: "https://uscodex.org/cfr/7/772.14"
---

# §772.14. Reamortization of AMP loans.


The Agency may approve reamortization of AMP loans provided:

- (a) There is no extension of the final maturity date of the loan;
- (b) No intervening lien exists on the security for the loan which would jeopardize the Government's security position;
- (c) If the account is delinquent, it cannot be brought current within one year and the borrower has presented a cash flow budget which demonstrates the ability to meet the proposed new payment schedule; and
- (d) If the account is current, the borrower will be unable to meet the annual loan payments due to circumstances beyond the borrower's control.

## Notes

### Authority

Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 25 U.S.C. 490.

### Source

Source: 68 FR 69949, Dec. 16, 2003, unless otherwise noted.