7 CFR § 1951.859 - Term of loans.

---
identifier: "/us/cfr/t7/s1951.859"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1951.859 - Term of loans."
title_number: 7
title_name: "Agriculture"
section_number: "1951.859"
section_name: "Term of loans."
chapter_name: "RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
subchapter_number: "H"
subchapter_name: "PROGRAM REGULATIONS"
part_number: "1951"
part_name: "SERVICING AND COLLECTIONS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 7 U.S.C 1932 note; 7 U.S.C. 1989; 31 U.S.C. 3716; 42 U.S.C. 1480."
cfr_part: "1951"
---


# 1951.859 Term of loans.

(a) No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years.

(b) The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.