§ 772.14 Reamortization of AMP loans.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
The Agency may approve reamortization of AMP loans provided:
(a) There is no extension of the final maturity date of the loan;
(b) No intervening lien exists on the security for the loan which would jeopardize the Government's security position;
(c) If the account is delinquent, it cannot be brought current within one year and the borrower has presented a cash flow budget which demonstrates the ability to meet the proposed new payment schedule; and
(d) If the account is current, the borrower will be unable to meet the annual loan payments due to circumstances beyond the borrower's control.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.