[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1436.7]

[Page 604]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1436_FARM STORAGE FACILITY LOAN PROGRAM REGULATIONS--Table of Contents
 
Sec. 1436.7  Loan term.

    The maximum term of the loan shall be 7 years from the date a 
promissory note and security agreement are executed, except in the case 
of a sugar-related loan in which case CCC, at its discretion, may 
authorize a loan of 15 years. The minimum term of a sugar-related loan 
is 7 years. No extensions of the loan term will be granted. The loan 
balance and all related costs are due 7 years from the date of the 
execution of the promissory note and security agreement, except in the 
cast of a sugar-related loan, in which case such balance and costs are 
due 15 years from the date of the promissory note and security agreement 
are executed.

[67 FR 54939, Aug. 26, 2002]