1951.859—Term of loans.
               		
               	 	
               	 	
               	 	               	 	               	 	               	 	               	 	
               	 	
    
        
        (a) 
         No loans shall be extended for a period exceeding 30 years. Principal payments on loans will be made at least annually. The initial principal payment may be deferred not more than 3 years.
     
    
        
        (b) 
         The terms of loan repayment will be those stipulated in the loan agreement and/or promissory note.