§ 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]