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7 CFR § 1717.1201 - Definitions.

---
identifier: "/us/cfr/t7/s1717.1201"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1717.1201 - Definitions."
title_number: 7
title_name: "Agriculture"
section_number: "1717.1201"
section_name: "Definitions."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1717"
part_name: "POST-LOAN POLICIES AND PROCEDURES COMMON TO INSURED AND GUARANTEED ELECTRIC LOANS"
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  6941"
regulatory_source: "55 FR 38646, Sept. 19, 1990, unless otherwise noted."
cfr_part: "1717"
---

# 1717.1201 Definitions.

Terms used in this subpart that are not defined in this section have the meanings set forth in 7 CFR part 1710. In addition, for the purposes of this subpart:

*Application for debt settlement* means a written application containing all of the information required by § 1717.1204(b)(2), in form and substance satisfactory to RUS.

*Attorney General* means the Attorney General of the United States of America.

*Claim* means any claim of the government arising from loans made or guaranteed under the RE Act to a rural electric borrower.

*Con Act* means the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 *et seq.*).

*Debt* means outstanding debt of a rural electric borrower (including, but not necessarily limited to, principal, accrued interest, penalties, and the government's costs of debt collection) arising from loans made or guaranteed under the RE Act.

*Enforced collection procedures* means any procedures available to the Administrator for the collection of debt that are authorized by law, in equity, or under the borrower's loan documents or other agreements with RUS.

*Loan documents* means the mortgage (or other security instrument acceptable to RUS), the loan contract, and the promissory note entered into between the borrower and RUS.

*RE Act* means the Rural Electrification Act of 1936, as amended (7 U.S.C. 901-950b).

*Restructure* means to settle a debt or claim.

*Settle* means to reamortize, adjust, compromise, reduce, or charge-off a debt or claim.