7 CFR § 1710.605 - Rescission of loans.

---
identifier: "/us/cfr/t7/s1710.605"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1710.605 - Rescission of loans."
title_number: 7
title_name: "Agriculture"
section_number: "1710.605"
section_name: "Rescission of loans."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1710"
part_name: "GENERAL AND PRE-LOAN POLICIES AND PROCEDURES COMMON TO ELECTRIC LOANS AND GUARANTEES"
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  1921  and 6941"
regulatory_source: "57 FR 1053, Jan. 9, 1992, unless otherwise noted."
cfr_part: "1710"
---


# 1710.605 Rescission of loans.

(a) A borrower may request rescission of a loan with respect to any funds unadvanced by submitting a letter signed by the General Manager, Board President or other individual authorized by the Board of Directors to request such rescission.

(b) RUS may rescind loans pursuant to § 1710.602(c).

(c) Borrowers who prepay RUS loans at a discounted present value pursuant to subpart F of 7 CFR part 1786 are required to rescind the unadvanced balance of all outstanding electric notes pursuant to 7 CFR 1786.158(j).