7 CFR 1785.69 - Cushion of credit payment account computations.
(a)Deposits.Cushion of credit payments are credited to the borrowers' cushion of credit accounts.
(b)Interest. Interest at the rate of 5 percent per annum shall be credited on a quarterly basis to cushion of credit accounts. Interest earned will appear as a reduction in the interest billed on the borrower's RUS notes and will be separately shown on RUS Form 694, “Statement of Interest and Principal Due.”
Title 7 published on 2015-08-22.
No entries appear in the Federal Register after this date, for 7 CFR Part 1785.