1. Regulations
  2. title 7
  3. chapter XVII-i1
  4. part 1786
  5. subpart G
  6. § 1786.208

View all text of Subpart G [§ 1786.200 - § 1786.210]

§ 1786.208 - Increased principal.

A borrower can meet the premium requirements by increasing the outstanding principal balance of the loan advance that is being refinanced. If it does so the borrower shall make a payment at the time of the refinancing equal to 2.5 percent of the amount of the premium that is added to the outstanding principal balance of the loan.

AUTHORITY: 7 U.S.C. 901-950b; Title I, subtitle B, Pub. L. 99-509; Pub. L. 101-624, 104 Stat. 4051; Pub. L. 103-354, 108 Stat. 3178, (7 U.S.C. 6941

SOURCE: 55 FR 1145, Jan. 11, 1990, unless otherwise noted.

CITE AS: 7 CFR 1786.208