7 CFR § 3560.206 - Conversion to Plan II (Interest Credit).

---
identifier: "/us/cfr/t7/s3560.206"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3560.206 - Conversion to Plan II (Interest Credit)."
title_number: 7
title_name: "Agriculture"
section_number: "3560.206"
section_name: "Conversion to Plan II (Interest Credit)."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3560"
part_name: "DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1480."
regulatory_source: "69 FR 69106, Nov. 26, 2004, unless otherwise noted."
cfr_part: "3560"
---


# 3560.206 Conversion to Plan II (Interest Credit).

The Agency encourages any borrower not on Plan II to convert to Plan II to provide more favorable rent costs to very-low, low, and moderate-income households.