7 CFR § 1703.300 - Purpose.

---
identifier: "/us/cfr/t7/s1703.300"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1703.300 - Purpose."
title_number: 7
title_name: "Agriculture"
section_number: "1703.300"
section_name: "Purpose."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1703"
part_name: "RURAL DEVELOPMENT"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 901"
regulatory_source: "54 FR 6870, Feb. 15, 1989, unless otherwise noted. Redesignated at 55 FR 39394, Sept. 27, 1990."
cfr_part: "1703"
---


# 1703.300 Purpose.

This subpart H sets forth RUS' policies and procedures for making loan deferments of principal and interest payments on direct loans or insured loans made for electric or telephone purposes, but not for loans made for rural economic development purposes, in accordance with subsection (b) of section 12 of the RE Act. Loan deferments are provided for the purpose of promoting rural development opportunities.

[82 FR 55925, Nov. 27, 2017]