7 U.S. Code § 940

7 U.S. Code § 940 is about Refinancing of rural development loans. It is under Subchapter III (Rural Electric And Telephone Direct Loan Programs) of Chapter 31 (Rural Electrification And Telephone Service) of Title 7 (Agriculture) of the Code.

At the request of the borrower, the Secretary is authorized and directed to refinance with loans which will be insured under this chapter at the interest rates provided in section 935 of this title any loans made for rural electric and telephone facilities under any provision of the Consolidated Farm and Rural Development Act [7 U.S.C. 1921 et seq.].