7 CFR § 765.154 Direct Loan Servicing—Regular

§ 765.154 Distribution of payments.

Current through Jul 29, 2026 · Read all of Part 765

The Agency applies both regular and extra payments to each loan in the following order, as applicable:

(a) Recoverable costs and protective advances plus interest;

(b) Accrued deferred interest;

(c) Interest accrued to date of payment; and

(d) Loan principal.

[72 FR 63309, Nov. 8, 2007, as amended at 91 FR 56757, Sept. 4, 2026]

← § 765.153 Application of payments.§ 765.155 Final loan payments. →