[Code of Federal Regulations]
[Title 7, Volume 11]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1735.45]

[Page 309]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVII--RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
 
PART 1735_GENERAL POLICIES, TYPES OF LOANS, LOAN 
REQUIREMENTS_TELECOMMUNICATIONS PROGRAM--Table of Contents
 
                        Subpart D_Terms of Loans
 
Sec.  1735.45  Extension of payments.

    RUS may extend the time of payment of principal or interest on a 
loan. Under section 12 of the Rural Electrification Act, as amended, 
this extension may be up to 5 years after such payment is due. Under 
section 236 of the Disaster Relief Act of 1970 (Pub. L. 91-606) payment 
may be deferred by the Secretary of Agriculture as long as necessary in 
disaster situations so long as the final maturity date is not later than 
40 years after the date of the loan. See RUS Bulletin 320-2 for 
additional information.