7 CFR § 1786.56 - Approval of applications.

---
identifier: "/us/cfr/t7/s1786.56"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1786.56 - Approval of applications."
title_number: 7
title_name: "Agriculture"
section_number: "1786.56"
section_name: "Approval of applications."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1786"
part_name: "PREPAYMENT OF RUS GUARANTEED AND INSURED LOANS TO ELECTRIC AND TELEPHONE BORROWERS"
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. 901-950b; 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 ), unless otherwise noted."
regulatory_source: "55 FR 1145, Jan. 11, 1990, unless otherwise noted."
cfr_part: "1786"
---


# 1786.56 Approval of applications.

The applications will ordinarily be reviewed and, if satisfactory, approved, and closing schedule based on the order in which executed prepayment agreements are received. The Administrator may limit the number of applications approved and closings scheduled from time to time taking into account, among other matters, the financial interests and administrative considerations of the Government.